Pension funds and private equity real estate: History, performance, pathologies, risks

TJ Riddiough - Handbook of real estate and macroeconomics, 2022 - elgaronline.com
There is an estimated $60–100 trillion of commercial property in use worldwide, $12–16
trillion of which is located in the United States (US)(LaSalle Investment Management, 2018; …

Investment Performance of US High-Yield Real Estate Debt: An Empirical Analysis

M Giliberto - Journal of Portfolio Management, 2021 - search.proquest.com
This article uses a multimanager sample of loan-level data to assess the performance of
commercial real estate (CRE) subordinate debt from 2010 through 2020. The author …

The Expansion of Real Estate

J Clayton, FJ Fabozzi, SM Giliberto… - The Journal of …, 2017 - jpm.pm-research.com
The definition of commercial real estate for institutional investment purposes is undergoing a
change in two ways. First, real estate is increasingly being absorbed upward into more …

A Backup Quarterback View of Mezzanine Finance

A Mello, E Quintin - Real Estate Economics, 2021 - Wiley Online Library
A significant number of real estate transactions involve the use of mezzanine finance. One
obvious purpose of mezzanine debt is to plug financing gaps left by other forms of financing …

Analysis of delinquencies in CRE debt: an approach to understanding risk and pricing

RK Kaza - 2019 - dspace.mit.edu
Commercial Real Estate (CRE) debt has been the most staple form of capital for the real
estate industry in the US for decades. However, a lot has changed in the CRE debt …