Commentary

RXR’s $3.5bn office venture is a compilation of lessons learned

The venture demonstrates an evolution in the way managers approach distressed situations, informed by multiple crises.

The mid-market is becoming a sweet spot for lenders

The need to refinance maturing loans and a return to transaction activity will help fuel mid-market lending growth.

Cottonwood’s two-year fundraising could be a blessing in disguise

Cottonwood Group was on the road for two years with its $1bn special situations fund. It is now deploying when opportunistic capital is increasingly necessary.

Mid-market lenders step up as maturity wall looms

A rise in ventures targeting programs of less than $100m a loan should be viewed as a barometer for broader commercial real estate financing markets.

The next rate cut is not clear cut

Real estate private credit executives see three possible outcomes: a 25bps cut, a 50bps cut, or the Federal Reserve holds rates in the current range.