Fixed-income investors and large bond fund managers are buying CRE-CLOs, which is creating a permanent term financing tool for bridge lenders.
While there may be issues to keep an eye on—such as shifting consumer behavior and rising inflation and interest rates—the outlook remains positive for the short term, several real estate economists told NREI.
Some are watching fast-growing secondary markets closely to see how they absorb the new apartments now under construction.
Government subsidized tax credit programs do not address the needs of the “bread and butter” of the U.S. workforce, who earn more than 60 percent of AMI.
