Some people are looking at retail loans as the next “big short”, says Manus Clancy, senior managing director and the leader of applied data, research, and pricing departments at Trepp.
Unlike traditional real estate funds, which call for managers to return money to investors after a set period of time, Cerberus is raising an evergreen fund without a target date for returning capital.
In a Q&A with NREI, CPPIB's managing director for Americas real estate investments, discusses the pension plan's newly formed joint venture to invest in U.S. industrial assets.