Private credit is reshaping commercial real estate financing
Direct lenders have captured market share from traditional bank financing as regulatory constraints and market volatility push borrowers toward flexible, non-bank capital solutions. Our analysis examines the structural drivers and what they mean for deal execution.
Office-to-residential conversion: identifying distressed opportunity
Obsolete office stock in gateway markets is being repositioned as multifamily. This structural shift carries meaningful implications for debt and equity structuring. Our analysis maps the opportunity set, the financing challenges, and where risk-adjusted returns are most compelling.
Structured equity is gaining traction in commercial real estate
Preferred equity and structured debt instruments are filling the gap left by traditional CMBS and agency lenders as spreads widen and terms compress. We examine what this means for borrowers, lenders, and capital allocation decisions in the current environment.
2026 Private Capital Outlook: navigating dynamic markets with disciplined capital
Our annual outlook examines macroeconomic conditions, deal flow projections, and the strategic posture capital allocators should adopt entering H2 2026. We consider the implications for deal sourcing, structuring, and portfolio construction.
How family offices are approaching alternative asset allocation
Family offices managing $100M to $500M in assets are increasingly moving beyond public markets. We map the allocation frameworks that are gaining traction and the managers they are selecting in the current environment.