Investors in the sector have been more reluctant to close deals as the cost of capital rises. But given a strong outlook for income growth, many acquisitions are still going through.
The insurance and investment behemoth invests on both the debt and equity sides of commercial real estate. Here’s how they are adjusting their current allocations.
While Seritage assets are sure to create investor interest, a cloudy economic outlook and tighter financing availability are bound to be major factors in negotiations, market observers say.