The concentration of bond financing issued by the country’s REITs makes it a target for potential acquisitions in the coming months.
The commitment from the real estate investment arm of the Swiss banking giant has been invested in portfolio company Placefirst.
Atrium view of the shops and restaurants at Hudson Yards
The former Neiman Marcus retail space, which Wells Fargo acquired for $550m, will become the sole office space in the retail property.
The firm plans to lower the vehicle's exposure to offices by 15-20% as it seeks to top up its allocation to multifamily and logistics.
Exits include its shares in Chinese logistics company CNLP and all of its non-performing loans in the country.
Mergers and acquisitions are down as the market stalls, but stake sales are still happening, albeit more slowly than usual, says Drew Murphy, partner and head of real estate at Berkshire Global Advisors.
You have until November 17 to tell us which firms and individuals made the biggest marks in a year stifled by difficult macroeconomic conditions.
Carbon
More than 60% of respondents to an Urban Land Institute survey said concerns about the risks involved in decarbonizing assets have led to acquisitions not going ahead.
Park Lane
Acquired in August by the Qatar Investment Authority, the Park Lane Hotel in New York was once embroiled in an embezzlement scandal.
Germany city T9
Historical trading activity and higher-than-average investor allocations have brewed a 'perfect storm' in the country's real estate market.
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