#Moore Real Estate Group

[moorerealestategroup]

How to Be a Commercial Real Estate Appraiser!

People are not once but always confused about the work, duties, and approach of commercial real estate appraisers . The lawyers feel them to be mere apartment appraisers. Are you also the one, who thinks the same about them? Well, then that's totally wrong. Because the scene is totally opposite. And to your surprise, despite just apartment appraisals, these commercial appraisals involve the appraisals of the big properties, ranging from buildings for offices, hotels, shopping malls, restaurants, showrooms, and what not. Including this, they even look for abundant commercial lands, which are likely to be sold or to build a building.

From giving the best and most accurate valuation to these buildings, they take into account a number of factors. Their marketplace value, the locations, the age, the quality of the constructions, their environment, and of course the trend in the market. And to give a perfect valuation for the building or a piece of land, they need to work really hard. Because it's not a simple and easy job to look at. They have to be updated with the market conditions and value all the other time. Not only that but also, they are fond of practical knowledge rather than bookish ones. So, if you are someone who is in love with this job. And wish to enter the world of commercial appraisal. This article is for you.

Entering the Commercial Appraisal

To become a commercial real estate appraiser , one must have a combination of theory and practical knowledge. Here, not only theory or practicality would work. You must have a mixture of training, education, experience, and professional affiliations. Listed below are some useful steps and points to be noted down, if you wish to be one of the commercial appraisers.

1.     Educational Certifications: Beyond having a bachelor's degree in either of the streams of finance, real estate, business administration, or economics. You must be full of knowledge and skills to practice commercial appraisal.

2.     Filed Knowledge: Commercial Appraisal, as mentioned disrespect of theoretical knowledge requires a lot of market knowledge. Thus, you must be the one to have friendly communication and relations with the people. You must always be updated with what's going on around the market, and then propose your valuations of a property.

3.     Cover AQB Courses: If you are someone, from the non-finance stream, it's better to cover all the courses led by the Appraiser Qualifications Board (AQB), to cover everything detailed of real estate. The skills, and education that you must require in order to become the best appraiser in your area.

4.     Complete Practical Knowledge: Licenses and certificates are mandatory in becoming a renowned commercial appraisal. But at the same time, what you need to do is to gain complete practical knowledge. As time passes, you won't be asked for the degree, rather your experience would speak louder, by the valuations you provide to your clients.

5.     License Approval: Before starting to be a commercial appraiser, you must apply for the license. Given all your documents, from the education degree, to work experience in the state or board agency you will be issued your license. And so, you are credentialed to undergo practicing.

Above are the tips to be followed by one in order to become a recognized and successful commercial real estate appraiser . Once you have all the required experience, degree, and license you can embark on your journey.

More info Call: +1 213 236 3795 or Email: moorerealestateg@gmail.com ,

Address: Inland Empire, 215 N 2nd Avenue, Ste H Upland, CA 91786

San Diego, 501 W Broadway #800 San Diego, CA 92101

[3rdeyeblaque]

Today we venerate Benjamin Rucker aka Black Herman on his 134th birthday 🎉

Heralded as the greatest magician in U.S. history, Black Herman was brilliant for his fusion of performance magic with occultism & superstition, and his strong Separatist & militant Pan-Afrikan ideologies (Marcus Garvey x Booker T. Washington). He proclaimed that it was his mission to promote Black Power.

Born in Amherst, VA, as a teen, Black Herman learned the art of illusions from his mentor, Prince Herman. They ran a medicine show, performing magic tricks to attract curious passersby to their "Secret African Remedy". When Prince Herman, 17yr old Rucker was determined to carry on the show; this time using only magic. He then took on the name of, "Black Herman"; in honor of Prince Herman & as an homage to Alonzo Moore, the famous Black American magician who was known as the "Black Herrmann".

In Harlem, Rucker established himself as a pillar of the community. He was often seen in Garvey’s massive Harlem parades & is believed to have offered Garvey spiritual counsel. He befriended preachers, intellectuals and politicians, many of whom met at his home for a weekly study group. He was an Elk, a Freemason, and a Knight of Pythias. He used his success to make loans to local Black businessmen/organisations, established scholarship funds, & performed for free to help churches pay their bills. He expanded his wealth by purchasing a printing plan to establish a monthly magazine, "Black Herman’s Mail Order Course of Graduated Lessons in the Art of Magic". He acquired real estate, bought shares in two cotton plantations, gave personal consultations, & started herb/root gardens in a dozen cities.

Black Herman famously claimed that he was immortal & directly descended from Moses of the Bible. He asserted that our people could elude Klansmen & their descendants by escaping the limitations of mortality & simply outliving them. He'd also sell protective talismans to combat racism. He inserted his Afrikan heritage into his performances. One of his specialties included the “Asrah levitation.” He'd produce rabbits & doubled the amount of cornmeal in a bowl. Many of his tricks were "secrets taught by Zulu witch doctors". Some of his tricks were parallel to miracles from the Christian bible. He'd cast out demons from his assistant or brother hidden amongst the audience, then offer a special tonic for sale & offer a psychic reading address their “problems”.

Yet none compared to his most famous act of all, "Buried Alive". He would be interred in an outdoor area called "Black Herman's Private Graveyard", in full view of his audience. He'd slow his pulse by applying pressure under his arm, & pronounced "dead" on the spot by a local "doctor". As the coffin was lowered into the ground, Herman would slip out unnoticed. For days, people would pay to look at the grave, buidling the suspense over the fate of Black Herman. When the time was up, the coffin was exhumed with great drama and fanfare, and out walked Herman to lead his audience into the nearest theater, where he performed the rest of his show.

Eerily enough, his must famous act foreshadowed his own death in 1934 in which he collapsed on stage due to a massive heart attack that many audience members took to be part of his act. After the crowd refused to believe that the show was indeed over, Black Herman's assistant had his body moved to a funeral home. The crowds followed. Finally, his assistant decided to charge admission as one final farewell & homage to Black Herman's legacy. People came and went by the thousands; some even brought pins to stick into his corpse as proof of his death. His burial made front page news in Black newspapers across the country. Today, Black Herman rests in the Woodlawn Cemetery in NYC.

In 1925, he published a book, ghostwritten by a man named Young entitled, "Secrets of Magic, Mystery, and Legerdemain"; a semi-fictionalized autobiography that offers directions for simple illusions, advice on astrology & lucky numbers, & bits of Hoodoo customs and practices.

"If the slave traders tried to take any of my people captive, we would release ourselves using our secret knowledge." - Black Herman during his rope escape routine.

We pour libations & give him💐 today as we celebrate him for his love & service to our community/people & for his legacied contributions to Hoodoo Culture & History.

Offering suggestions : read his literary works, libations of whiskey/rum, Pan African flag, coins & paper money

‼️Note: offering suggestions are just that & strictly for veneration purposes only. Never attempt to conjure up any spirit or entity without proper divination/Mediumship counsel.‼️

[stormlit]

amalia's maker, george, was an english earl and a real centre of the high society vampire set in the georgian/regency eras, knowing anyone who was anyone in the vampire world — with more than one of them also being titled aristocracy, part of the human ton. he would host lavish parties at his country estate for vampires, places where the rules were relaxed and they could feed, hunt on the moor, and have sex without society's Rules. they were exclusive and a great time; humans even found out about them, and were desperate to be able to attend. of course, that only happened one of two ways: as food, or as fledglings.

these society vampires weren't a coven in the traditional sense (with a slightly culty hierarchy, leaders, or strict rules) but they were an insular group nonetheless. vampires are so often solitary and it helped them to have each other. the main unspoken rule was that they couldn't kill titled humans or important families on a whim, because they'd be noticed. beyond that, a lot of them also took part in the human ton's london seasons, always with an air of superiority, like they were laughing at them. and maybe they didn't kill the lords, but the maids were fair game.

amalia (a maid before she was turned) never liked them, however much she pretended, however much she was a part of them, and she never enjoyed the parties, either. once her maker's dead and she's inherited his property, they wind down. rumours are that she has smaller soirées with people she actually considers friends, but nobody who attends talks.

[beardedmrbean]

1. More trams and buses in Brussels from Monday

An improved provision of Brussels public transport will reduce waiting times on several trams and bus lines in the Capital Region from Monday 6 March. Read more.

2. One hundred students test new Dendermonde prison

A new "humane" prison that was completed at the end of last year will have its official opening in the coming weeks. Before inmates are relocated to the site in Dendermonde, security procedures will be tested by young people in the "Defence and Security" work-study programme on Tuesday. Read more.

3. Fedasil looks to canal boats to house refugees

Fedasil is urgently seeking additional reception places for asylum seekers and wants to house them on canal boats in Belgian ports, as stated in a letter sent by State Secretary for Asylum and Migration Nicole de Moor to port authorities. Read more.

4. Emilia Chini (75) found dead in woods six days after going missing

Emilia 'Emilietta' Chini, the 75-year-old woman with dementia who went missing from her home in Maasmechelen, Limburg last Wednesday, was found dead during a search in nearby woods. Read more.

5. Woluwe-Saint-Pierre the most expensive place to rent in Brussels

Woluwe-Saint-Pierre has been named the most expensive place to rent in Brussels, while Jette is the municipality with the cheapest rental accommodation in the Capital Region, according to data released on Monday by Federia, the Federation of French-speaking Real Estate Agents in Belgium. Read more.

6. One shared car 'replaces ten private cars' in Flanders

Each shared car in circulation in Flanders takes between three to ten private cars off the street, according to statistics published by the car-sharing non-profit Autodelen.net. A study conducted by the group highlights a positive dynamic in car-sharing services, which grew by 40% in popularity last year. Read more.

7. Today in History: Death of Belgian poet and playwright Liliane Wouters

On this day, 28 February 2016, the famous Belgian poet and playwright Liliane Wouters died at the age of 86 in the Brussels municipality of Ixelles, where she spent most of her life. Read more.

[justinbrennan]

What to do if a deal isn't working for you? | Justin Brennan

What to do if a deal isn't working for you? | Justin Brennan https://www.youtube.com/watch?v=WDXwMBkWoq4 What to do if a deal isn't working for you? What would you do in this situation? Please visit my website to get more information: https://ift.tt/FIEmTAC 🔔 Unlock multifamily real estate success! Subscribe for inspiring podcast insights on acquiring and developing multifamily properties, success stories, & growth strategies. https://www.youtube.com/@JustinBrennan/?sub_confirmation=1 🔗 Stay Connected With Me. 👉 Facebook: https://ift.tt/N2TqOEn 👉 Instagram: https://ift.tt/QZolyvd 👉 Linkedin: https://ift.tt/O0In6fh 👉 Watsapp: https://ift.tt/pzj3BcM 👉 Website: https://ift.tt/FIEmTAC ============================= 🎬 Recommended Playlists 👉 APARTMENT INVESTING https://www.youtube.com/playlist?list=PLStA37XUJ_FH8nPpDK_bQksoz9F8G9-Fo 👉 A2G Short Clips https://www.youtube.com/playlist?list=PLStA37XUJ_FGBgSZU_GQ_6KhXcTAxVG_B 🎬 WATCH MY OTHER VIDEOS: 👉 Buying A Multifamily In 90 Days For $18,000: Case Study With Justin Brennan https://www.youtube.com/watch?v=AsPrXZi_LFI 👉 ADU's Flipping & Real Estate with Brian and Nick | Abundance2Give https://www.youtube.com/watch?v=t_94wkQJwKc 👉 Las Vegas Mafia & Real Estate with Rob Brown | Justin Brennan | Abundance2Give https://www.youtube.com/watch?v=p2ZM8ehsxG0 👉 How To Buy Multifamily Apartments In 90 Days | Multifamily Investing https://www.youtube.com/watch?v=neG5DujMGfg 👉 The future of San Diego | Justin Brennan https://www.youtube.com/watch?v=2xxR21SSRPc ============================= ✅ About Justin Brennan. Welcome to Justin Brennan's channel! As CEO of The Brennan Pohle Group, I focus on acquiring and developing multifamily properties across the U.S. With over 500+ units and $157M in assets, my team and I aim for 10,000+ units and $4B in assets. Here, I share my journey and expertise in real estate, from title insurance to property management. Join me for insights on multifamily real estate, investment strategies, and personal growth. Subscribe for tips on achieving financial freedom and giving back. 🔹EXPERIENCE • Licensed REALTOR ®DRE#01866398 • 15 years experience as a Realtor and Investor • Former Asset Manager for Chase & Fannie Mae. (Handled thousands of distressed properties, short sales, and REOs throughout the USA.) 🔹EDUCATION: • Degree in Finance & Marketing - Pepperdine University • Masters Degree in Business - University of San Diego • Masters Degree in Real Estate Development - University of San Diego Burnham Moores • Certified Distressed Property Expert (CDPE) • Certified Investor Agent Specialist CIAS) 🔔Ready to master the multifamily real estate game? Subscribe for expert insights & podcasts on multifamily investments, growth tactics, and industry expertise. https://www.youtube.com/@JustinBrennan/?sub_confirmation=1 ================================= ADD HASHTAG HERE ⚠️ Disclaimer: Any information or advice on this channel is for educational and general guidance only. Justin Brennan and his affiliates shall not be liable for any damages from using the content. Consult a financial advisor before making investments. All information is provided 'as is' without warranties. Links to other websites are for convenience; read their privacy statements. Comments are reviewed and may be deleted if inappropriate. Public comments do not reflect the views of Justin Brennan and his affiliates. Copyright Notice: This video and my YouTube channel contain dialogue, music, and images that are the property of Justin Brennan. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to my YouTube channel is provided. Justin Brennan, JustinCBrennan.com, Multifamilyi.com, MultifamilySchooled.com, BrennanPohle.com. All Rights Reserved. © Justin Brennan via Justin Brennan https://www.youtube.com/channel/UCjR741czRkmAzoBKAlrPf6Q June 23, 2024 at 11:15PM

[vijay1225]

Global Construction Paints And Coatings Market Report 2024-2033

Overview and Scope Construction paints refer to a mixture or dispersion of opaque pigments or powders in a liquid or solvent. Coatings include varnishes and inorganic binders which are examples of additional substances that can be related to paint in their application. In construction paints and coatings are important to prevent and reduce corrosion in buildings, building components, and infrastructure.

Sizing and Forecast The construction paints and coatings market size has grown strongly in recent years. It will grow from $57.56 billion in 2023 to $60.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growing construction activities, urbanization trends, regulatory compliance, economic stability, raw material costs.

The construction paints and coatings market size is expected to see strong growth in the next few years. It will grow to $75.39 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to global recovery post-pandemic, sustainability focus, infrastructure investments, residential and commercial real estate demand, supply chain challenges. Major trends in the forecast period include smart coatings and nanotechnology, digitalization in construction, technological advancementsdigital transformation, increased r&d for performance enhancements.

Segmentation & Regional Insights The construction paints and coatings market covered in this report is segmented –

1) By Product Type: Solvent-Borne Technologies, Water-Borne Coating, Power Coating, High Solids/ Radiation Cure, Other Product Types 2) By Resin Type: Polyurethane, Acrylic, Epoxy, Polyester, Alkyd 3) By Application: Residential, Commercial, Automotive And Aviation, Medical And Healthcare

North America was the largest region in the construction paints and coatings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global construction paints and coatings market report during the forecast period. The regions covered in the construction paints and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Driver Impacting Market Growth The rising new construction projects is expected to propel the growth of the construction paints and coatings market going forward. Construction projects refer to the systematic process of constructing, repairing, refurbishing, retrofitting, or adapting a building, or other built asset such as a tunnel or bridge. In construction projects, paints and coatings are projected to be important to prevent water from penetrating, to prevent corrosion, rotting, and deteriorating. For instance, in March 2023, according to Zippia, a US-based technology, information, and internet company, in January 2023, 1.4 million new construction projects were completed, which is a 12.8% increase, compared to January 2022. Therefore, the rising number of new construction projects is driving the growth of the construction paints and coatings market.

Key Industry Players

Major companies operating in the construction paints and coatings market report are PPG Industries Inc., Badische Anilin- und Sodafabrik, Akzonobel N.V., Sherwin Williams Company, Asian Paints Ltd., Axalta Coating Systems Ltd., Valspar Corporation, Helios Group, Tikkurila Oyj, Beckers Group, DyStar Singapore Pte Ltd., Republic Powdered Metals International Inc., Jotun Chemicals, Dow Chemicals, Nippon Paint Holdings Co. Ltd., Kansai Paint Co. Ltd., Benjamin Moore & Co., Berger Paints Ltd., Hempel A/S, Brillux GmbH & Co. KG, DAW SE, H.B. Fuller Company, Dunn-Edwards Corporation, Kelly-Moore Paint Company Inc., Rust-Oleum Corporation, Toa Kensetsu Kogyo Corporation, Diamond Vogel Paints, Tnemec Company Inc., National Paints Factories Co. Ltd., Farrow & Ball Ltd.

The construction paints and coatings market report table of contents includes:

1. Executive Summary 2. Construction Paints And Coatings Market Characteristics 3. Construction Paints And Coatings Market Trends And Strategies 4. Construction Paints And Coatings Market — Macro Economic Scenario 5. Global Construction Paints And Coatings Market Size and Growth . . . 31. Global Construction Paints And Coatings Market Competitive Benchmarking 32. Global Construction Paints And Coatings Market Competitive Dashboard 33. Key Mergers And Acquisitions In The Construction Paints And Coatings Market 34. Construction Paints And Coatings Market Future Outlook and Potential Analysis 35. Appendix

Explore the trending research reports from TBRC:

Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293

[lakelandg]

Lakeland Realtors Installs 2024 Officers and Directors

Lakeland Realtors installed the association’s 2024 officers and directors during its annual installation and awards luncheon on December 15 at the Magnolia Building. Petra Norris, a broker with the Lakeland Real Estate Group, will lead the association as its 2024 president. Geoffrey Ingram with WebPro Realty was installed as president-elect. Brandon Moore-Johnson with BHHS Florida Properties…

[moorerealestategroup]

Commercial appraisal in Los Angeles | Moore Real Estate Group

Discover the expertise of Moore Real Estate Group, your trusted partner in commercial real estate appraisal in Los Angeles, California. Our professionals expert provide accurate and insightful valuations, empowering your decisions in the dynamic real estate market. Southern California’s Commercial Real Estate Valuation Experts

[christianlanden]

Magazine: 2023 Movers & shakers | propertyEU

Ten investment managers and three advisors have been named by market participants as movers and shakers in the new unfolding European real estate investment market.  

  1  Cale Street Partners

The company was founded by former Goldman Sachs global head of real estate, Ed Siskind. The capital comes from the Kuwaiti Investment Authority, which initially backed it with $1.5 bn in 2014. Dalamal has been with the company since 2019, having joined from Och-Ziff where he was head of European commercial real estate credit. Prior to that he was with Deutsche Bank in its European commercial real estate group for six years. Cami has been with the company since inception. He was formerly with Goldman Sachs at the same time as Siskind. 

 2  Ares Management

The global firm has a very longstanding real estate equity investing history in the US and Europe, but only entered European real estate credit relatively recently.  Philip Moore  was hired in 2021 having served as head of European real estate debt at Carlyle flagship credit opportunities fund where he headed real estate within the firms opportunistic credit business. The team has completed 1.1 bn of lending in the last 15 months since launching in January 2022 and all in the whole loan/senior space. The team is seeing significant demand and opportunity in refinancings.

3  Apollo Management

The New York-headquartered company is an active real estate investor and lender throughout Europe, across the risk-return spectrum. Apollo  s perpetual, balance sheet capital from the company  s retirement services business gives the firm flexibility and creativity when structuring and underwriting transactions. Its capabilities extend through its special situations vehicles to a series of different businesses including commercial real estate debt and core-plus strategies each able to create and take on idiosyncratic solutions. The London group is led by  Skardon Baker  as head of its large European Principal Finance (EPF) special situations funds and its European RE platform. Other notable names are partners who report to Baker such as  Ed Jones ,  Ivo Kolev ,  Samuele Cappelletti  and  Seb Zillas .  Ben Eppley  leads the CRE debt business, while  Boris Olujic  and  Frederick Neske  lead the core-plus RE business. The European real estate team collaborates closely with their credit and equity colleagues around the globe, including  Jamshid Ehsani , a partner in Apollo  s credit franchise that originated the Vonovia transaction. Baker said Apollo had ‘unique and flexible capital  , helping it capitalise on the illiquidity and market distress currently underway in many European markets.

4  The Blackstone Group

No prizes for guessing Blackstone makes it onto the list given its track record, vast financial investing resources, and ability to play in both large cap equity and debt spaces. The firm is a perennial dealmaker, making it to Number One spot in the annual PropertyEU Top 100 Dealmakers ranking with a combined 21.1 bn worth of transactions for the year 2022. There will be no slacking off. Head of Europe real estate,  James Seppala , told PropertyEU in a recent interview that Europe was providing compelling investment opportunities. He added: In fact, Europe is the most active area for capital deployment on a global basis at the moment.   The firm is working towards a first close of its latest Europe opportunistic fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII), seeking $10 bn (9.2 bn) of equity commitments.   

5  Cheyne Capital Real Estate

One of the most active credit firms out there, this firm is certainly one to watch. Since launching in 2000, Cheyne Capital has become one of Europes leading alternative investment managers. Headquartered in London, it invests across the capital structure from the senior debt to equity of corporates and real estate. Real estate investments account for approximately half of the firms 10 bn under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing. In real estate lending, it has carved out a niche for specialised non-bank loans to borrowers in select European markets, staying flexible to invest into all parts of the capital stack. Market participants say  Arron Taggart , head of UK investment, along with  Raphael Smadja  and  Daniel Schuldes , co-heads of Europe, are key people to know. 

 6  Starwood Capital Group

More typically, the US group is known as an opportunistic equity investor, but it also combines this with credit. In Europe, the firm continues to be very active and is expected by many to play a part in the unfolding dislocation in the region. The company has been working credit situations in the US for over 30 years and has deployed almost $100 bn in commercial real estate lending globally since 2009. But Europe is becoming a major focus according to  Lorcain Egan , MD and co-head of Europe responsible for the groups lending platform. He said in an interview that its international lending business is now nine times bigger than it was in 2018. He confirmed Europe was a huge growth area and the dynamics were ‘as good as the firm has seen for at least a decade.   He joined the company in 2013, having been a VP at Barclays Bank in its structured property debt finance team in London. The big push in Europe began in 2018 when the company saw the potential for non-bank lenders to fill a gap left by banks. 

 7  KKR

KKR is another of the US private equity alternatives firms expected to play a greater part in matters going forward. Global head of real estate, Ralph Rosenberg, wrote in his second-quarter review recently: ‘In our view, the dislocation may create a once-in-a-decade investing opportunity in real estate, but investors should also be prepared to weather the storm.   He points to the second and third-order effects of banks pulling back and a potential looming credit crunch due to the sudden rise in interest rates. He wrote that this creates the potential for a credit crunch impacting certain owners and asset types that will no longer have the same access to debt capital  . Market participants say in Europe  Ali Imraan  is one to watch as head of European real estate credit. He joined KKR in January 2022 having previously been at Citi bank, Royal Bank of Scotland, and most recently MD of debt investments and special situations at LaSalle Investment Management. KKR launched a European real estate debt platform last year. On the equity side, it is currently raising KKR Real Estate Partners Europe III. Its second fund closed on $2.2 bn (  2 bn). 

 8  Brookfield Asset Management

With its long-term investment focus, the Canadian firm will always be found where there is an opportunity to be had. In recent years, it has invested significantly across Europe, with over   45 bn of assets in nine different countries and across a number of different sectors, including alternative real estate segments where it has been building platforms. Transactions of particular note include the establishment of a life sciences platform, ARC, and the acquisitions of Hibernia REIT and Befimmo. One has to expect it will continue to find big new opportunities to create value, in some cases driven by credit issues or public companies finding it more challenging to raise money. The company has plenty of firepower at its disposal and is said most recently to be seeking $15 bn of equity for its flagship strategy.  Brad Hyler  is managing partner and head of Brookfield  s real estate business in the region. 

 9  LaSalle Investment Management

Michael Zerda  is the go-to professional here for debt, equity, and everything in between. As co-CIO for Europe and head of debt and private equity strategies, he oversees a business regarded as much more than just lending but tapping into the team  s hybrid opportunistic equity and special situations roots in this market. He helped create LaSalles debt and special situations business after the global financial crisis, left in 2015 to join Blackstone as head of Europe real estate debt strategies, and rejoined LaSalle in 2021 in a new elevated role. LaSalle lending business has become very active recently across whole loans and mezzanine, recently providing a   325 mln mezzanine loan to refinance a large Iberian hotel portfolio, among others. The equity business has been active in non-traditional, counter-cyclical sectors, including designer outlets and education hubs, as well as partnering with numa, a tech-enabled hybrid hotel operator to aggregate urban accommodation in gateway European cities. Zerda brought on board  David White  to head LaSalle  s real estate debt strategies in Europe and  Blake Loveless  to lead its European private equity division. 

 10  BentallGreenOak (BGO)

BGO is a very active lender in Europe and has a sizeable equity capability via large funds. In the UK it provides senior, whole loans and mezzanine debt. The bulk of the lending revolves around transitional real estate and core plus. Its website says the UK and European Lending Program is able to advance loans for acquisition finance, refinance, finance of discounted payoffs and redevelopment/capex loans from   5 mln to over   200 mln for up to 7-year terms. GreenOak Europe Secured Lending Fund III beat its   800 mln target by closing on   869 mln in Q1 2021. Its third UK Secured Lending Fund closed on    1.43 bn last year. The business is part of SLC Management owned by Sun Life of Canada.  Martin Sheridan  is MD for BGO’s UK debt business.  Laura Manthe  is a principal of real estate lending. 

[lindaboggers]

Magazine: 2023 Movers & shakers | propertyEU

Ten investment managers and three advisors have been named by market participants as movers and shakers in the new unfolding European real estate investment market.  

  1  Cale Street Partners

The company was founded by former Goldman Sachs global head of real estate, Ed Siskind. The capital comes from the Kuwaiti Investment Authority, which initially backed it with $1.5 bn in 2014. Dalamal has been with the company since 2019, having joined from Och-Ziff where he was head of European commercial real estate credit. Prior to that he was with Deutsche Bank in its European commercial real estate group for six years. Cami has been with the company since inception. He was formerly with Goldman Sachs at the same time as Siskind. 

 2  Ares Management

The global firm has a very longstanding real estate equity investing history in the US and Europe, but only entered European real estate credit relatively recently.  Philip Moore  was hired in 2021 having served as head of European real estate debt at Carlyle flagship credit opportunities fund where he headed real estate within the firms opportunistic credit business. The team has completed 1.1 bn of lending in the last 15 months since launching in January 2022 and all in the whole loan/senior space. The team is seeing significant demand and opportunity in refinancings.

3  Apollo Management

The New York-headquartered company is an active real estate investor and lender throughout Europe, across the risk-return spectrum. Apollo  s perpetual, balance sheet capital from the company  s retirement services business gives the firm flexibility and creativity when structuring and underwriting transactions. Its capabilities extend through its special situations vehicles to a series of different businesses including commercial real estate debt and core-plus strategies each able to create and take on idiosyncratic solutions. The London group is led by  Skardon Baker  as head of its large European Principal Finance (EPF) special situations funds and its European RE platform. Other notable names are partners who report to Baker such as  Ed Jones ,  Ivo Kolev ,  Samuele Cappelletti  and  Seb Zillas .  Ben Eppley  leads the CRE debt business, while  Boris Olujic  and  Frederick Neske  lead the core-plus RE business. The European real estate team collaborates closely with their credit and equity colleagues around the globe, including  Jamshid Ehsani , a partner in Apollo  s credit franchise that originated the Vonovia transaction. Baker said Apollo had ‘unique and flexible capital  , helping it capitalise on the illiquidity and market distress currently underway in many European markets.

4  The Blackstone Group

No prizes for guessing Blackstone makes it onto the list given its track record, vast financial investing resources, and ability to play in both large cap equity and debt spaces. The firm is a perennial dealmaker, making it to Number One spot in the annual PropertyEU Top 100 Dealmakers ranking with a combined 21.1 bn worth of transactions for the year 2022. There will be no slacking off. Head of Europe real estate,  James Seppala , told PropertyEU in a recent interview that Europe was providing compelling investment opportunities. He added: In fact, Europe is the most active area for capital deployment on a global basis at the moment.   The firm is working towards a first close of its latest Europe opportunistic fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII), seeking $10 bn (9.2 bn) of equity commitments.   

5  Cheyne Capital Real Estate

One of the most active credit firms out there, this firm is certainly one to watch. Since launching in 2000, Cheyne Capital has become one of Europes leading alternative investment managers. Headquartered in London, it invests across the capital structure from the senior debt to equity of corporates and real estate. Real estate investments account for approximately half of the firms 10 bn under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing. In real estate lending, it has carved out a niche for specialised non-bank loans to borrowers in select European markets, staying flexible to invest into all parts of the capital stack. Market participants say  Arron Taggart , head of UK investment, along with  Raphael Smadja  and  Daniel Schuldes , co-heads of Europe, are key people to know. 

 6  Starwood Capital Group

More typically, the US group is known as an opportunistic equity investor, but it also combines this with credit. In Europe, the firm continues to be very active and is expected by many to play a part in the unfolding dislocation in the region. The company has been working credit situations in the US for over 30 years and has deployed almost $100 bn in commercial real estate lending globally since 2009. But Europe is becoming a major focus according to  Lorcain Egan , MD and co-head of Europe responsible for the groups lending platform. He said in an interview that its international lending business is now nine times bigger than it was in 2018. He confirmed Europe was a huge growth area and the dynamics were ‘as good as the firm has seen for at least a decade.   He joined the company in 2013, having been a VP at Barclays Bank in its structured property debt finance team in London. The big push in Europe began in 2018 when the company saw the potential for non-bank lenders to fill a gap left by banks. 

 7  KKR

KKR is another of the US private equity alternatives firms expected to play a greater part in matters going forward. Global head of real estate, Ralph Rosenberg, wrote in his second-quarter review recently: ‘In our view, the dislocation may create a once-in-a-decade investing opportunity in real estate, but investors should also be prepared to weather the storm.   He points to the second and third-order effects of banks pulling back and a potential looming credit crunch due to the sudden rise in interest rates. He wrote that this creates the potential for a credit crunch impacting certain owners and asset types that will no longer have the same access to debt capital  . Market participants say in Europe  Ali Imraan  is one to watch as head of European real estate credit. He joined KKR in January 2022 having previously been at Citi bank, Royal Bank of Scotland, and most recently MD of debt investments and special situations at LaSalle Investment Management. KKR launched a European real estate debt platform last year. On the equity side, it is currently raising KKR Real Estate Partners Europe III. Its second fund closed on $2.2 bn (  2 bn). 

 8  Brookfield Asset Management

With its long-term investment focus, the Canadian firm will always be found where there is an opportunity to be had. In recent years, it has invested significantly across Europe, with over   45 bn of assets in nine different countries and across a number of different sectors, including alternative real estate segments where it has been building platforms. Transactions of particular note include the establishment of a life sciences platform, ARC, and the acquisitions of Hibernia REIT and Befimmo. One has to expect it will continue to find big new opportunities to create value, in some cases driven by credit issues or public companies finding it more challenging to raise money. The company has plenty of firepower at its disposal and is said most recently to be seeking $15 bn of equity for its flagship strategy.  Brad Hyler  is managing partner and head of Brookfield  s real estate business in the region. 

 9  LaSalle Investment Management

Michael Zerda  is the go-to professional here for debt, equity, and everything in between. As co-CIO for Europe and head of debt and private equity strategies, he oversees a business regarded as much more than just lending but tapping into the team  s hybrid opportunistic equity and special situations roots in this market. He helped create LaSalles debt and special situations business after the global financial crisis, left in 2015 to join Blackstone as head of Europe real estate debt strategies, and rejoined LaSalle in 2021 in a new elevated role. LaSalle lending business has become very active recently across whole loans and mezzanine, recently providing a   325 mln mezzanine loan to refinance a large Iberian hotel portfolio, among others. The equity business has been active in non-traditional, counter-cyclical sectors, including designer outlets and education hubs, as well as partnering with numa, a tech-enabled hybrid hotel operator to aggregate urban accommodation in gateway European cities. Zerda brought on board  David White  to head LaSalle  s real estate debt strategies in Europe and  Blake Loveless  to lead its European private equity division. 

 10  BentallGreenOak (BGO)

BGO is a very active lender in Europe and has a sizeable equity capability via large funds. In the UK it provides senior, whole loans and mezzanine debt. The bulk of the lending revolves around transitional real estate and core plus. Its website says the UK and European Lending Program is able to advance loans for acquisition finance, refinance, finance of discounted payoffs and redevelopment/capex loans from   5 mln to over   200 mln for up to 7-year terms. GreenOak Europe Secured Lending Fund III beat its   800 mln target by closing on   869 mln in Q1 2021. Its third UK Secured Lending Fund closed on    1.43 bn last year. The business is part of SLC Management owned by Sun Life of Canada.  Martin Sheridan  is MD for BGO’s UK debt business.  Laura Manthe  is a principal of real estate lending. 

[georgeschuylerfinance]

Magazine: 2023 Movers & shakers | propertyEU

Ten investment managers and three advisors have been named by market participants as movers and shakers in the new unfolding European real estate investment market.  

  1  Cale Street Partners

The company was founded by former Goldman Sachs global head of real estate, Ed Siskind. The capital comes from the Kuwaiti Investment Authority, which initially backed it with $1.5 bn in 2014. Dalamal has been with the company since 2019, having joined from Och-Ziff where he was head of European commercial real estate credit. Prior to that he was with Deutsche Bank in its European commercial real estate group for six years. Cami has been with the company since inception. He was formerly with Goldman Sachs at the same time as Siskind. 

 2  Ares Management

The global firm has a very longstanding real estate equity investing history in the US and Europe, but only entered European real estate credit relatively recently.  Philip Moore  was hired in 2021 having served as head of European real estate debt at Carlyle flagship credit opportunities fund where he headed real estate within the firms opportunistic credit business. The team has completed 1.1 bn of lending in the last 15 months since launching in January 2022 and all in the whole loan/senior space. The team is seeing significant demand and opportunity in refinancings.

3  Apollo Management

The New York-headquartered company is an active real estate investor and lender throughout Europe, across the risk-return spectrum. Apollo  s perpetual, balance sheet capital from the company  s retirement services business gives the firm flexibility and creativity when structuring and underwriting transactions. Its capabilities extend through its special situations vehicles to a series of different businesses including commercial real estate debt and core-plus strategies each able to create and take on idiosyncratic solutions. The London group is led by  Skardon Baker  as head of its large European Principal Finance (EPF) special situations funds and its European RE platform. Other notable names are partners who report to Baker such as  Ed Jones ,  Ivo Kolev ,  Samuele Cappelletti  and  Seb Zillas .  Ben Eppley  leads the CRE debt business, while  Boris Olujic  and  Frederick Neske  lead the core-plus RE business. The European real estate team collaborates closely with their credit and equity colleagues around the globe, including  Jamshid Ehsani , a partner in Apollo  s credit franchise that originated the Vonovia transaction. Baker said Apollo had ‘unique and flexible capital  , helping it capitalise on the illiquidity and market distress currently underway in many European markets.

4  The Blackstone Group

No prizes for guessing Blackstone makes it onto the list given its track record, vast financial investing resources, and ability to play in both large cap equity and debt spaces. The firm is a perennial dealmaker, making it to Number One spot in the annual PropertyEU Top 100 Dealmakers ranking with a combined 21.1 bn worth of transactions for the year 2022. There will be no slacking off. Head of Europe real estate,  James Seppala , told PropertyEU in a recent interview that Europe was providing compelling investment opportunities. He added: In fact, Europe is the most active area for capital deployment on a global basis at the moment.   The firm is working towards a first close of its latest Europe opportunistic fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII), seeking $10 bn (9.2 bn) of equity commitments.   

5  Cheyne Capital Real Estate

One of the most active credit firms out there, this firm is certainly one to watch. Since launching in 2000, Cheyne Capital has become one of Europes leading alternative investment managers. Headquartered in London, it invests across the capital structure from the senior debt to equity of corporates and real estate. Real estate investments account for approximately half of the firms 10 bn under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing. In real estate lending, it has carved out a niche for specialised non-bank loans to borrowers in select European markets, staying flexible to invest into all parts of the capital stack. Market participants say  Arron Taggart , head of UK investment, along with  Raphael Smadja  and  Daniel Schuldes , co-heads of Europe, are key people to know. 

 6  Starwood Capital Group

More typically, the US group is known as an opportunistic equity investor, but it also combines this with credit. In Europe, the firm continues to be very active and is expected by many to play a part in the unfolding dislocation in the region. The company has been working credit situations in the US for over 30 years and has deployed almost $100 bn in commercial real estate lending globally since 2009. But Europe is becoming a major focus according to  Lorcain Egan , MD and co-head of Europe responsible for the groups lending platform. He said in an interview that its international lending business is now nine times bigger than it was in 2018. He confirmed Europe was a huge growth area and the dynamics were ‘as good as the firm has seen for at least a decade.   He joined the company in 2013, having been a VP at Barclays Bank in its structured property debt finance team in London. The big push in Europe began in 2018 when the company saw the potential for non-bank lenders to fill a gap left by banks. 

 7  KKR

KKR is another of the US private equity alternatives firms expected to play a greater part in matters going forward. Global head of real estate, Ralph Rosenberg, wrote in his second-quarter review recently: ‘In our view, the dislocation may create a once-in-a-decade investing opportunity in real estate, but investors should also be prepared to weather the storm.   He points to the second and third-order effects of banks pulling back and a potential looming credit crunch due to the sudden rise in interest rates. He wrote that this creates the potential for a credit crunch impacting certain owners and asset types that will no longer have the same access to debt capital  . Market participants say in Europe  Ali Imraan  is one to watch as head of European real estate credit. He joined KKR in January 2022 having previously been at Citi bank, Royal Bank of Scotland, and most recently MD of debt investments and special situations at LaSalle Investment Management. KKR launched a European real estate debt platform last year. On the equity side, it is currently raising KKR Real Estate Partners Europe III. Its second fund closed on $2.2 bn (  2 bn). 

 8  Brookfield Asset Management

With its long-term investment focus, the Canadian firm will always be found where there is an opportunity to be had. In recent years, it has invested significantly across Europe, with over   45 bn of assets in nine different countries and across a number of different sectors, including alternative real estate segments where it has been building platforms. Transactions of particular note include the establishment of a life sciences platform, ARC, and the acquisitions of Hibernia REIT and Befimmo. One has to expect it will continue to find big new opportunities to create value, in some cases driven by credit issues or public companies finding it more challenging to raise money. The company has plenty of firepower at its disposal and is said most recently to be seeking $15 bn of equity for its flagship strategy.  Brad Hyler  is managing partner and head of Brookfield  s real estate business in the region. 

 9  LaSalle Investment Management

Michael Zerda  is the go-to professional here for debt, equity, and everything in between. As co-CIO for Europe and head of debt and private equity strategies, he oversees a business regarded as much more than just lending but tapping into the team  s hybrid opportunistic equity and special situations roots in this market. He helped create LaSalles debt and special situations business after the global financial crisis, left in 2015 to join Blackstone as head of Europe real estate debt strategies, and rejoined LaSalle in 2021 in a new elevated role. LaSalle lending business has become very active recently across whole loans and mezzanine, recently providing a   325 mln mezzanine loan to refinance a large Iberian hotel portfolio, among others. The equity business has been active in non-traditional, counter-cyclical sectors, including designer outlets and education hubs, as well as partnering with numa, a tech-enabled hybrid hotel operator to aggregate urban accommodation in gateway European cities. Zerda brought on board  David White  to head LaSalle  s real estate debt strategies in Europe and  Blake Loveless  to lead its European private equity division. 

 10  BentallGreenOak (BGO)

BGO is a very active lender in Europe and has a sizeable equity capability via large funds. In the UK it provides senior, whole loans and mezzanine debt. The bulk of the lending revolves around transitional real estate and core plus. Its website says the UK and European Lending Program is able to advance loans for acquisition finance, refinance, finance of discounted payoffs and redevelopment/capex loans from   5 mln to over   200 mln for up to 7-year terms. GreenOak Europe Secured Lending Fund III beat its   800 mln target by closing on   869 mln in Q1 2021. Its third UK Secured Lending Fund closed on    1.43 bn last year. The business is part of SLC Management owned by Sun Life of Canada.  Martin Sheridan  is MD for BGO’s UK debt business.  Laura Manthe  is a principal of real estate lending. 

[justinbrennan]

The secret sauce of finding deals as a beginner | Justin Brennan

The secret sauce of finding deals as a beginner | Justin Brennan https://www.youtube.com/watch?v=FKdOoW2Gs4U Let me take you through the process of finding deals as a complete beginner. Please visit my website to get more information: https://ift.tt/aIten1H 🔔 Unlock multifamily real estate success! Subscribe for inspiring podcast insights on acquiring and developing multifamily properties, success stories, & growth strategies. https://www.youtube.com/@JustinBrennan/?sub_confirmation=1 🔗 Stay Connected With Me. 👉 Facebook: https://ift.tt/WmhbR2r 👉 Instagram: https://ift.tt/Iti2qfK 👉 Linkedin: https://ift.tt/mVr9gs3 👉 Watsapp: https://ift.tt/XpxZKLI 👉 Website: https://ift.tt/aIten1H ============================= 🎬 Recommended Playlists 👉 APARTMENT INVESTING https://www.youtube.com/playlist?list=PLStA37XUJ_FH8nPpDK_bQksoz9F8G9-Fo 👉 A2G Short Clips https://www.youtube.com/playlist?list=PLStA37XUJ_FGBgSZU_GQ_6KhXcTAxVG_B 🎬 WATCH MY OTHER VIDEOS: 👉 Buying A Multifamily In 90 Days For $18,000: Case Study With Justin Brennan https://www.youtube.com/watch?v=AsPrXZi_LFI 👉 ADU's Flipping & Real Estate with Brian and Nick | Abundance2Give https://www.youtube.com/watch?v=t_94wkQJwKc 👉 Las Vegas Mafia & Real Estate with Rob Brown | Justin Brennan | Abundance2Give https://www.youtube.com/watch?v=p2ZM8ehsxG0 👉 How To Buy Multifamily Apartments In 90 Days | Multifamily Investing https://www.youtube.com/watch?v=neG5DujMGfg 👉 The future of San Diego | Justin Brennan https://www.youtube.com/watch?v=2xxR21SSRPc ============================= ✅ About Justin Brennan. Welcome to Justin Brennan's channel! As CEO of The Brennan Pohle Group, I focus on acquiring and developing multifamily properties across the U.S. With over 500+ units and $157M in assets, my team and I aim for 10,000+ units and $4B in assets. Here, I share my journey and expertise in real estate, from title insurance to property management. Join me for insights on multifamily real estate, investment strategies, and personal growth. Subscribe for tips on achieving financial freedom and giving back. 🔹EXPERIENCE • Licensed REALTOR ®DRE#01866398 • 15 years experience as a Realtor and Investor • Former Asset Manager for Chase & Fannie Mae. (Handled thousands of distressed properties, short sales, and REOs throughout the USA.) 🔹EDUCATION: • Degree in Finance & Marketing - Pepperdine University • Masters Degree in Business - University of San Diego • Masters Degree in Real Estate Development - University of San Diego Burnham Moores • Certified Distressed Property Expert (CDPE) • Certified Investor Agent Specialist CIAS) 🔔Ready to master the multifamily real estate game? Subscribe for expert insights & podcasts on multifamily investments, growth tactics, and industry expertise. https://www.youtube.com/@JustinBrennan/?sub_confirmation=1 ================================= ADD HASHTAG HERE ⚠️ Disclaimer: Any information or advice on this channel is for educational and general guidance only. Justin Brennan and his affiliates shall not be liable for any damages from using the content. Consult a financial advisor before making investments. All information is provided 'as is' without warranties. Links to other websites are for convenience; read their privacy statements. Comments are reviewed and may be deleted if inappropriate. Public comments do not reflect the views of Justin Brennan and his affiliates. Copyright Notice: This video and my YouTube channel contain dialogue, music, and images that are the property of Justin Brennan. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to my YouTube channel is provided. Justin Brennan, JustinCBrennan.com, Multifamilyi.com, MultifamilySchooled.com, BrennanPohle.com. All Rights Reserved. © Justin Brennan via Justin Brennan https://www.youtube.com/channel/UCjR741czRkmAzoBKAlrPf6Q June 21, 2024 at 04:15AM

[saltygardenerlove]

Magazine: 2023 Movers & shakers | propertyEU

Ten investment managers and three advisors have been named by market participants as movers and shakers in the new unfolding European real estate investment market.  

  1  Cale Street Partners

The company was founded by former Goldman Sachs global head of real estate, Ed Siskind. The capital comes from the Kuwaiti Investment Authority, which initially backed it with $1.5 bn in 2014. Dalamal has been with the company since 2019, having joined from Och-Ziff where he was head of European commercial real estate credit. Prior to that he was with Deutsche Bank in its European commercial real estate group for six years. Cami has been with the company since inception. He was formerly with Goldman Sachs at the same time as Siskind. 

 2  Ares Management

The global firm has a very longstanding real estate equity investing history in the US and Europe, but only entered European real estate credit relatively recently.  Philip Moore  was hired in 2021 having served as head of European real estate debt at Carlyle flagship credit opportunities fund where he headed real estate within the firms opportunistic credit business. The team has completed 1.1 bn of lending in the last 15 months since launching in January 2022 and all in the whole loan/senior space. The team is seeing significant demand and opportunity in refinancings.

3  Apollo Management

The New York-headquartered company is an active real estate investor and lender throughout Europe, across the risk-return spectrum. Apollo  s perpetual, balance sheet capital from the company  s retirement services business gives the firm flexibility and creativity when structuring and underwriting transactions. Its capabilities extend through its special situations vehicles to a series of different businesses including commercial real estate debt and core-plus strategies each able to create and take on idiosyncratic solutions. The London group is led by  Skardon Baker  as head of its large European Principal Finance (EPF) special situations funds and its European RE platform. Other notable names are partners who report to Baker such as  Ed Jones ,  Ivo Kolev ,  Samuele Cappelletti  and  Seb Zillas .  Ben Eppley  leads the CRE debt business, while  Boris Olujic  and  Frederick Neske  lead the core-plus RE business. The European real estate team collaborates closely with their credit and equity colleagues around the globe, including  Jamshid Ehsani , a partner in Apollo  s credit franchise that originated the Vonovia transaction. Baker said Apollo had ‘unique and flexible capital  , helping it capitalise on the illiquidity and market distress currently underway in many European markets.

4  The Blackstone Group

No prizes for guessing Blackstone makes it onto the list given its track record, vast financial investing resources, and ability to play in both large cap equity and debt spaces. The firm is a perennial dealmaker, making it to Number One spot in the annual PropertyEU Top 100 Dealmakers ranking with a combined 21.1 bn worth of transactions for the year 2022. There will be no slacking off. Head of Europe real estate,  James Seppala , told PropertyEU in a recent interview that Europe was providing compelling investment opportunities. He added: In fact, Europe is the most active area for capital deployment on a global basis at the moment.   The firm is working towards a first close of its latest Europe opportunistic fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII), seeking $10 bn (9.2 bn) of equity commitments.   

5  Cheyne Capital Real Estate

One of the most active credit firms out there, this firm is certainly one to watch. Since launching in 2000, Cheyne Capital has become one of Europes leading alternative investment managers. Headquartered in London, it invests across the capital structure from the senior debt to equity of corporates and real estate. Real estate investments account for approximately half of the firms 10 bn under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing. In real estate lending, it has carved out a niche for specialised non-bank loans to borrowers in select European markets, staying flexible to invest into all parts of the capital stack. Market participants say  Arron Taggart , head of UK investment, along with  Raphael Smadja  and  Daniel Schuldes , co-heads of Europe, are key people to know. 

 6  Starwood Capital Group

More typically, the US group is known as an opportunistic equity investor, but it also combines this with credit. In Europe, the firm continues to be very active and is expected by many to play a part in the unfolding dislocation in the region. The company has been working credit situations in the US for over 30 years and has deployed almost $100 bn in commercial real estate lending globally since 2009. But Europe is becoming a major focus according to  Lorcain Egan , MD and co-head of Europe responsible for the groups lending platform. He said in an interview that its international lending business is now nine times bigger than it was in 2018. He confirmed Europe was a huge growth area and the dynamics were ‘as good as the firm has seen for at least a decade.   He joined the company in 2013, having been a VP at Barclays Bank in its structured property debt finance team in London. The big push in Europe began in 2018 when the company saw the potential for non-bank lenders to fill a gap left by banks. 

 7  KKR

KKR is another of the US private equity alternatives firms expected to play a greater part in matters going forward. Global head of real estate, Ralph Rosenberg, wrote in his second-quarter review recently: ‘In our view, the dislocation may create a once-in-a-decade investing opportunity in real estate, but investors should also be prepared to weather the storm.   He points to the second and third-order effects of banks pulling back and a potential looming credit crunch due to the sudden rise in interest rates. He wrote that this creates the potential for a credit crunch impacting certain owners and asset types that will no longer have the same access to debt capital  . Market participants say in Europe  Ali Imraan  is one to watch as head of European real estate credit. He joined KKR in January 2022 having previously been at Citi bank, Royal Bank of Scotland, and most recently MD of debt investments and special situations at LaSalle Investment Management. KKR launched a European real estate debt platform last year. On the equity side, it is currently raising KKR Real Estate Partners Europe III. Its second fund closed on $2.2 bn (  2 bn). 

 8  Brookfield Asset Management

With its long-term investment focus, the Canadian firm will always be found where there is an opportunity to be had. In recent years, it has invested significantly across Europe, with over   45 bn of assets in nine different countries and across a number of different sectors, including alternative real estate segments where it has been building platforms. Transactions of particular note include the establishment of a life sciences platform, ARC, and the acquisitions of Hibernia REIT and Befimmo. One has to expect it will continue to find big new opportunities to create value, in some cases driven by credit issues or public companies finding it more challenging to raise money. The company has plenty of firepower at its disposal and is said most recently to be seeking $15 bn of equity for its flagship strategy.  Brad Hyler  is managing partner and head of Brookfield  s real estate business in the region. 

 9  LaSalle Investment Management

Michael Zerda  is the go-to professional here for debt, equity, and everything in between. As co-CIO for Europe and head of debt and private equity strategies, he oversees a business regarded as much more than just lending but tapping into the team  s hybrid opportunistic equity and special situations roots in this market. He helped create LaSalles debt and special situations business after the global financial crisis, left in 2015 to join Blackstone as head of Europe real estate debt strategies, and rejoined LaSalle in 2021 in a new elevated role. LaSalle lending business has become very active recently across whole loans and mezzanine, recently providing a   325 mln mezzanine loan to refinance a large Iberian hotel portfolio, among others. The equity business has been active in non-traditional, counter-cyclical sectors, including designer outlets and education hubs, as well as partnering with numa, a tech-enabled hybrid hotel operator to aggregate urban accommodation in gateway European cities. Zerda brought on board  David White  to head LaSalle  s real estate debt strategies in Europe and  Blake Loveless  to lead its European private equity division. 

 10  BentallGreenOak (BGO)

BGO is a very active lender in Europe and has a sizeable equity capability via large funds. In the UK it provides senior, whole loans and mezzanine debt. The bulk of the lending revolves around transitional real estate and core plus. Its website says the UK and European Lending Program is able to advance loans for acquisition finance, refinance, finance of discounted payoffs and redevelopment/capex loans from   5 mln to over   200 mln for up to 7-year terms. GreenOak Europe Secured Lending Fund III beat its   800 mln target by closing on   869 mln in Q1 2021. Its third UK Secured Lending Fund closed on    1.43 bn last year. The business is part of SLC Management owned by Sun Life of Canada.  Martin Sheridan  is MD for BGO’s UK debt business.  Laura Manthe  is a principal of real estate lending. 

[bertrhert]

Magazine: 2023 Movers & shakers | propertyEU

Ten investment managers and three advisors have been named by market participants as movers and shakers in the new unfolding European real estate investment market.  

  1  Cale Street Partners

The company was founded by former Goldman Sachs global head of real estate, Ed Siskind. The capital comes from the Kuwaiti Investment Authority, which initially backed it with $1.5 bn in 2014. Dalamal has been with the company since 2019, having joined from Och-Ziff where he was head of European commercial real estate credit. Prior to that he was with Deutsche Bank in its European commercial real estate group for six years. Cami has been with the company since inception. He was formerly with Goldman Sachs at the same time as Siskind. 

 2  Ares Management

The global firm has a very longstanding real estate equity investing history in the US and Europe, but only entered European real estate credit relatively recently.  Philip Moore  was hired in 2021 having served as head of European real estate debt at Carlyle flagship credit opportunities fund where he headed real estate within the firms opportunistic credit business. The team has completed 1.1 bn of lending in the last 15 months since launching in January 2022 and all in the whole loan/senior space. The team is seeing significant demand and opportunity in refinancings.

3  Apollo Management

The New York-headquartered company is an active real estate investor and lender throughout Europe, across the risk-return spectrum. Apollo  s perpetual, balance sheet capital from the company  s retirement services business gives the firm flexibility and creativity when structuring and underwriting transactions. Its capabilities extend through its special situations vehicles to a series of different businesses including commercial real estate debt and core-plus strategies each able to create and take on idiosyncratic solutions. The London group is led by  Skardon Baker  as head of its large European Principal Finance (EPF) special situations funds and its European RE platform. Other notable names are partners who report to Baker such as  Ed Jones ,  Ivo Kolev ,  Samuele Cappelletti  and  Seb Zillas .  Ben Eppley  leads the CRE debt business, while  Boris Olujic  and  Frederick Neske  lead the core-plus RE business. The European real estate team collaborates closely with their credit and equity colleagues around the globe, including  Jamshid Ehsani , a partner in Apollo  s credit franchise that originated the Vonovia transaction. Baker said Apollo had ‘unique and flexible capital  , helping it capitalise on the illiquidity and market distress currently underway in many European markets.

4  The Blackstone Group

No prizes for guessing Blackstone makes it onto the list given its track record, vast financial investing resources, and ability to play in both large cap equity and debt spaces. The firm is a perennial dealmaker, making it to Number One spot in the annual PropertyEU Top 100 Dealmakers ranking with a combined 21.1 bn worth of transactions for the year 2022. There will be no slacking off. Head of Europe real estate,  James Seppala , told PropertyEU in a recent interview that Europe was providing compelling investment opportunities. He added: In fact, Europe is the most active area for capital deployment on a global basis at the moment.   The firm is working towards a first close of its latest Europe opportunistic fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII), seeking $10 bn (9.2 bn) of equity commitments.   

5  Cheyne Capital Real Estate

One of the most active credit firms out there, this firm is certainly one to watch. Since launching in 2000, Cheyne Capital has become one of Europes leading alternative investment managers. Headquartered in London, it invests across the capital structure from the senior debt to equity of corporates and real estate. Real estate investments account for approximately half of the firms 10 bn under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing. In real estate lending, it has carved out a niche for specialised non-bank loans to borrowers in select European markets, staying flexible to invest into all parts of the capital stack. Market participants say  Arron Taggart , head of UK investment, along with  Raphael Smadja  and  Daniel Schuldes , co-heads of Europe, are key people to know. 

 6  Starwood Capital Group

More typically, the US group is known as an opportunistic equity investor, but it also combines this with credit. In Europe, the firm continues to be very active and is expected by many to play a part in the unfolding dislocation in the region. The company has been working credit situations in the US for over 30 years and has deployed almost $100 bn in commercial real estate lending globally since 2009. But Europe is becoming a major focus according to  Lorcain Egan , MD and co-head of Europe responsible for the groups lending platform. He said in an interview that its international lending business is now nine times bigger than it was in 2018. He confirmed Europe was a huge growth area and the dynamics were ‘as good as the firm has seen for at least a decade.   He joined the company in 2013, having been a VP at Barclays Bank in its structured property debt finance team in London. The big push in Europe began in 2018 when the company saw the potential for non-bank lenders to fill a gap left by banks. 

 7  KKR

KKR is another of the US private equity alternatives firms expected to play a greater part in matters going forward. Global head of real estate, Ralph Rosenberg, wrote in his second-quarter review recently: ‘In our view, the dislocation may create a once-in-a-decade investing opportunity in real estate, but investors should also be prepared to weather the storm.   He points to the second and third-order effects of banks pulling back and a potential looming credit crunch due to the sudden rise in interest rates. He wrote that this creates the potential for a credit crunch impacting certain owners and asset types that will no longer have the same access to debt capital  . Market participants say in Europe  Ali Imraan  is one to watch as head of European real estate credit. He joined KKR in January 2022 having previously been at Citi bank, Royal Bank of Scotland, and most recently MD of debt investments and special situations at LaSalle Investment Management. KKR launched a European real estate debt platform last year. On the equity side, it is currently raising KKR Real Estate Partners Europe III. Its second fund closed on $2.2 bn (  2 bn). 

 8  Brookfield Asset Management

With its long-term investment focus, the Canadian firm will always be found where there is an opportunity to be had. In recent years, it has invested significantly across Europe, with over   45 bn of assets in nine different countries and across a number of different sectors, including alternative real estate segments where it has been building platforms. Transactions of particular note include the establishment of a life sciences platform, ARC, and the acquisitions of Hibernia REIT and Befimmo. One has to expect it will continue to find big new opportunities to create value, in some cases driven by credit issues or public companies finding it more challenging to raise money. The company has plenty of firepower at its disposal and is said most recently to be seeking $15 bn of equity for its flagship strategy.  Brad Hyler  is managing partner and head of Brookfield  s real estate business in the region. 

 9  LaSalle Investment Management

Michael Zerda  is the go-to professional here for debt, equity, and everything in between. As co-CIO for Europe and head of debt and private equity strategies, he oversees a business regarded as much more than just lending but tapping into the team  s hybrid opportunistic equity and special situations roots in this market. He helped create LaSalles debt and special situations business after the global financial crisis, left in 2015 to join Blackstone as head of Europe real estate debt strategies, and rejoined LaSalle in 2021 in a new elevated role. LaSalle lending business has become very active recently across whole loans and mezzanine, recently providing a   325 mln mezzanine loan to refinance a large Iberian hotel portfolio, among others. The equity business has been active in non-traditional, counter-cyclical sectors, including designer outlets and education hubs, as well as partnering with numa, a tech-enabled hybrid hotel operator to aggregate urban accommodation in gateway European cities. Zerda brought on board  David White  to head LaSalle  s real estate debt strategies in Europe and  Blake Loveless  to lead its European private equity division. 

 10  BentallGreenOak (BGO)

BGO is a very active lender in Europe and has a sizeable equity capability via large funds. In the UK it provides senior, whole loans and mezzanine debt. The bulk of the lending revolves around transitional real estate and core plus. Its website says the UK and European Lending Program is able to advance loans for acquisition finance, refinance, finance of discounted payoffs and redevelopment/capex loans from   5 mln to over   200 mln for up to 7-year terms. GreenOak Europe Secured Lending Fund III beat its   800 mln target by closing on   869 mln in Q1 2021. Its third UK Secured Lending Fund closed on    1.43 bn last year. The business is part of SLC Management owned by Sun Life of Canada.  Martin Sheridan  is MD for BGO’s UK debt business.  Laura Manthe  is a principal of real estate lending.