Videos

IREI : LIVE – Defining Opportunity Sets in Real Estate Debt

What are the fundamental drivers of the different debt opportunity sets in the U.S. real estate market today? During this webinar, we examined a range of different strategies across a range of markets. The webinar was broken into three parts, each featuring a group of expert speakers. Chase McWhorter, managing director, Institutional Real Estate Americas at Institutional Real Estate, Inc. moderated all panels.

Moderator:
Chase McWhorter
Managing Director, Institutional Real Estate Americas, Institutional Real Estate, Inc.

PART 1:
Defining Opportunities: The Case for Real Estate Debt

  • What are credit markets telling us about future opportunities in equity and debt spaces today?
  • What are key themes and trends related to interest rates and inflation?
  • Which property sectors are most/least desired and why?
  • What are the trends to watch related to defining attractive markets?
  • Why is real estate debt attractive at this point in the cycle?

Panelists:

Chris Duey
Senior Managing Director, Head of Private Debt Portfolio Management, Principal Real Estate Investors

James Laufenberg, CAIA
Senior Investment Officer – Real Estate, State of Wisconsin Investment Board

Greg Leadholm
Senior Managing Director, Co-Head of Real Estate Debt, Heitman

PART 2:
Defining Opportunities in Mezzanine & Subordinated Debt

  • Defining key fundamentals of mezzanine and subordinated debt.
  • How do managers differentiate and price various types of collateral-level risk?
  • What strategies and tools do managers have to manage risk?
  • What are return ranges for mezzanine and subordinated debt today?
  • What are the fundamental reasons for the growing opportunities in this part of the market?

Panelists:

Tom Hester
Managing Director, StepStone Group Real Estate

Frank Scavone
Executive Managing Director, Third Point Real Estate Strategies LLC

Josh Zegen
Managing Principal & Co-Founder, Madison Realty Capital

PART 3:
Defining Opportunities in Senior Debt in Private and Public Markets

  • What are the key trends in the first-mortgage market today for commercial and residential lending?
  • How is the first-mortgage market evolving, and how might lending structures change in the future?
  • Why are direct whole loan strategies attractive?
  • What is the current state of the CMBS market, and what is its outlook for the future?

Panelists:

Jack Gay
Managing Director, Global Head of Debt, Nuveen Real Estate

Mitch Pleis
Portfolio Manager, California State Teachers' Retirement System

Matt Salem
Partner & Head of Real Estate Credit, KKR

Sponsored by:

Heitman
KKR
Madison Realty Capital
Nuveen Real Estate
Principal Real Estate Investors
Trawler Capital Management

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