Look Ahead 2026

Lenders gear up for special situation opportunity as loan extensions end 

The opportunity set is driven in part by an estimated $936bn of loans slated to mature in 2026.

Revived CMBS market finishes strong with issuance set to top $150bn

CMBS issuance in 2025 will be about 140% higher than one year ago, according to data from the CRE Finance Council.

Banks gear up for commercial real estate lending and leverage boost

Bank lending made a strong comeback in Q3 2025, rising to about 38.5% of all loan volume through the end of November, according to data from MSCI.

PERE Credit Lending Barometer tracks continued multifamily dominance in 2025

Our proprietary database on commercial real estate lending tracked $106.26bn in total loan origination through early December, reflecting roughly one-fifth of activity.

Operating partnerships set to rise as managers seek to increase alpha 

QuadReal chief executive Dennis Lopez tells PERE Credit the firm only lends in sectors where it has operating platforms.

How private real estate credit managers are chasing alpha

The evolution of the commercial real estate private credit market means fund managers have multiple options for lenders and investors.

Look Ahead 2026: Rithm’s Nierenberg on the growth of asset-based finance

The asset class overlaps with the real estate and consumer sectors.