Debt

South Korean investors pivot to real estate debt funds

Many institutions have retreated from direct lending in favor of the investment risk diversification offered by credit vehicles.

Capitalization rates in single-tenant net lease deals are climbing

Warning signs are appearing, but the net lease sector remains stable.

Assessing three ways to play for net lease investors

In an environment where credit is tight and liquidity needs are growing, sale-leasebacks, build-to-suits and net lease acquisitions each have their own set of headwinds and tailwinds.

Fortress Investment Group argues for taking a credit-first approach to net leases

A net lease should be treated as a corporate finance transaction built on the three pillars of credit, real estate and lease structure, says Fortress Investment Group’s Ahsan Aijaz.

Is now the time for net lease?

PERE investigates whether net leases are becoming more attractive and whether they will remain appealing if inflation tapers back down.

Why net lease tenant health checks matter

Assessing tenant creditworthiness is just as important as the physical asset in a net lease deal, but demands a very different set of skills from property investors.

Gaw targets private credit with latest $3bn fund

The firm has included private credit investments for the first time in its Gateway fund series due to the higher interest rate environment.

Operational real estate is ‘an evolution in practices’ for lenders

Despite a risk-off environment, lenders are ‘having to get their heads around’ operational deals given the uptick in activity in the space.

Patrizia: Less than 20% of investors plan to increase real estate allocation

Patrizia’s global investor survey results also reveal a shift in focus from core and core-plus strategies to debt and value-add real estate.

Rising costs ripple through private real estate

Debt costs have risen sharply, but the inflationary environment has also had an outsized effect on other costs for managers.