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
