Managers

These debt handlers are front-and-center of the real estate distress unfolding during the covid-19 crisis.

The Morgan Stanley and Equity International alumni have secured their first multi-strategy investment from a prominent US institution.

Strong investor demand and less stringent national lockdown measures have supported the country’s real estate sector, says the Stockholm-based firm’s debt boss, Pontus Sundin.

There has been an uptick in European managers asking investors for more time to market funds caught out by covid-19.

With $500m in its debut fund and $500m in co-invest capital, Breakthrough Properties aims to take life science real estate investment global.

The group, which includes some of the world’s largest private markets firms, pledges to share knowledge on climate-related risks and ‘improve the resilience’ of long-term investment portfolios.

The seller R&F group will use part of the $1.1bn in proceeds to pay its debt under the ‘three red lines’ policy introduced by the Chinese government.

Hotels have the chance of returning to pre-covid performance levels, but only if their capital base is properly restructured now, argues Eric Assimakopoulos, founder of Revetas Capital.

Tom Barrack’s successor told the virtual PERE America conference last week Pfizer’s vaccine progress and Joe Biden’s US presidential victory would not be ‘total elixirs’ for private real estate.

By backing construction schemes, debt providers are carefully considering future demand for real estate, delegates at CREFC Europe’s conference heard last week.