Borrowers

Rate uncertainty is driving pricing dislocation and opportunity, says Manulife Investment Management’s Jessica Lee, as more institutional investors view real estate credit as a natural complement to other investments in their portfolios.

Real estate private credit is taking its place as a component in broader asset-backed finance strategies. PERE investigates the role the asset class is playing as investors seek diversified credit exposure.

Funded by two bank lenders, the deal marks one of the largest ever development loans in the London office market.

The warehouse specialist arranged the loan for its Delin Dutch Logistics Partners Fund.

The multibillion-pound financing is one of the largest-ever UK data center deals.

While the agencies and banks continue to be the most active lenders, debt funds saw volumes rise by 45% year-on-year, Newmark data reports.

The North Carolina-based manager, now The Oak Companies, aims to expand its retail and institutional investment platforms.

The California-based manager is targeting $1bn in capital commitments.

The CMBS market saw $14.93bn of new industrial originations through August, a Trepp report found.