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.
Lenders keep fighting to make loans partly because on a national basis, apartment rents continue to rise.
Delving deeper into the geographical jargon of market tiers sheds light on investment trends and value-add opportunities that would have gone overlooked just a decade ago.
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.
The firm’s Detroit Opportunity Fund is starting with a $500 million pipeline of multifamily deals in low-income pockets of the Motor City.
High construction levels are tempering some of the enthusiasm in the seniors housing sector.