The market environment may not feel good, but that does not mean good opportunities cannot be found, perhaps especially in demographically driven sectors such as healthcare and senior living, and in transactions that lean more toward real estate debt than equity. “The reduced liquidity in the system at a very challenged time, with higher interest rates and higher cap rates, means owners and developers have fewer options for selling and refinancing,” explains Al Rabil, CEO of Kayne Anderson and CEO and co-founder of Kayne Anderson Real Estate. In an interview published in the October issue of Institutional Real Estate Americas, Rabil continues, “This is a time of outsized opportunity for us, but it’s not a feel-good time. We’re in good shape, and a hallmark of our business is that we’ve had very few problems. That said, good times always feel better, even if they don’t really present better opportunities. In a time like this, you have to be very careful about
