Debt

Qualitas on bridging the growing debt gap

Australia’s population growth, combined with the ongoing withdrawal of its banks from commercial real estate debt, is spawning opportunities for alternative lenders, say Qualitas’s Mark Power and Dean Winterton.

Alternative lenders could fill funding gap in disparate APAC property debt

CBRE estimates the region’s outstanding senior commercial real estate debt at $254bn as of mid-2023, with a debt funding gap of $5.1bn for loans maturing in 2023-25.

PAG: Seizing the moment in the Asia-Pacific

PAG’s Chris Gradel considers the expanding opportunities for private real estate debt in APAC.

Investors seeking alternatives for refinancing APAC real estate

Falling asset values and conservative banks are forcing investors to turn to private debt to refinance their portfolios.

Hodes Weill’s Hodes: 10% fund reserves are now ‘insufficient’

Most assets need an additional 15-20% in reserves to address refinancing issues, according to the advisory firm’s co-founder.

US commercial real estate concerns hitting German lenders

German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.

DOWNLOAD: Investor appetite for private real estate remains robust for 2024

Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.

Perspectives 2024: What investors think about private real estate

Investors are hurting from the poor performance of real estate, but this has not diminished their appetite for fresh investments.

DOWNLOAD: Fundraising hit an 11-year low in 2023

The total of $138.93bn raised in 2023 represented a 41% drop from the $236.04bn raised in the 2021 fundraising peak.

Inside Ares and RXR’s New York office joint venture 

The Ares-RXR venture comes at a time when transaction activity in the city has started to tick upward and capital is starting to move.