Samantha Rowan
In June, the PERE affiliate will merge with Real Estate Capital Europe to provide global coverage of real estate private credit.
Fund managers have largely focused on developing purpose-built single-family properties in recent years rather than buying existing assets.
Post-tariff volatility is changing the way the New York-based manager is allocating opportunistic capital.
In the US, and increasingly in Europe, real estate debt is viewed as an established asset class.
In this episode of The PERE Podcast, Limekiln Real Estate's Scott Waynebern and Berkshire's Jon Pfeil talk about bridge lending and CRE CLOs with PERE Credit editor Samantha Rowan.
The Boca Raton-based manager has hired Ian Russell from Singerman Real Estate as part of the initiative.
Lee Levy, senior managing director and head of debt, most recently was Goldman Sachs' co-head of US real estate credit investing.
The CEO believes real estate private credit could become the biggest part of the Toronto-based manager’s global property business.
West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.
The Ares-RXR venture comes at a time when transaction activity in the city has started to tick upward and capital is starting to move.