As a world of investment opportunities have opened up to institutional investors, limited partners have slunk away from the capital stack for commercial real estate deals.
The passive investors, typically looking for guaranteed yield, have been slow to return as market volatility has rocked commercial real estate. But that hasn’t stopped projects from moving forward, even if it means developers are taking on a different capital structure, several lenders, brokers and asset managers said Tuesday at Bisnow’s National Commercial Real Estate Finance Conference in Manhattan.
Source: Why LP Equity Partners Are Hiding From The CRE Capital Stack