Debt

Oxford Economics: Banking turmoil will hasten property value declines 

European property values will be impacted by the failures at US regional banks, says the consultancy.

Borrower view: Waypoint reviews development pipeline amid rising rates

The exercise allowed Waypoint to get a better understanding of the impact of higher interest rates on its ability to arrange financing and make sure the cost of land dovetailed with the returns it is trying to achieve.

Federal Reserve keeps additional rate hikes on table as credit markets tighten

SVB fallout is ‘not comparable’ to regional banks’ commercial real estate debt exposure, says Fed chair Jerome Powell.

UBS and Credit Suisse: a $160bn real estate management giant in the making?

A combination of the two Swiss banks’ businesses could cement UBS’s position as an industry behemoth both home and abroad.

Bank failures expose risks ‘more significant than managers thought’

SVB and Signature, along with troubled bank First Republic, had been major sources of financing for many real estate managers.

Ready Capital’s Capasse: Broadmark acquisition sets the stage for expansion

The deal makes the New York company the fourth-largest US mortgage REIT.

Managers remain split on pace of ESG integration into real estate debt landscape

The US trails the EU on adoption of ESG investment principles, with a consensus that more incentives are needed for momentum.

Brookfield Los Angeles defaults could mark new phase for US office market

The events could be the start of a period of defaults and delinquencies for the US office market.

Meadow Partners tracks rising differentiation between distressed, rescue capital 

While the tone of the market feels anecdotally better, transaction activity has still not yet picked up.

AEW: 2023 is an opportune time to be a debt investor 

The firm is looking to grow its debt platform and recently hired Dean Dulchinos as head of debt portfolio management to oversee activity.