The bank injected an additional $1.4 billion from its balance sheet. Fund’s lending capacity exceeds $7 billion including leverage.
As delinquencies mount in multifamily mortgages, lenders are racing to buy back CRE CLOs.
San Francisco’s economic stability is on shaky ground, with S&P Global Ratings recently modifying the city’s debt outlook to “negative.”
The build-to-rent sector celebrated its most successful year in 2023, with a record-breaking 27,500 new single-family rental homes completed—a 75% jump from 2022.
A recent MSCI report reveals that U.S. multifamily loan losses surged to 16% from just 5% in the prior two years.
US inflation topped forecasts for a second month in February as prices jumped.
Plus: CRE deals are down across the board.
Yardi Matrix predicts a surge in self-storage supply for 2024-2025, followed by a decline in later years, signaling a major shift in early 2024.
Plans to focus on multifamily and industrial properties, representing an approximately 35% growth from the previous fund in this series.
In 2023, U.S. commercial real estate transactions fell by over 50%, but discount-seekers were disappointed as prices remained high.
Plus: Office landlords resort to good, old-fashioned financial engineering to inflate property values.
Blackstone has finalized a deal to acquire Tricon Residential for a substantial sum of $3.5 billion