All Debt Markets articles – Page 6
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White papersThe Case for European Real Estate Debt
The supportive pricing fundamentals in the European real estate market, and low leverage relative to previous property cycles, suggest the asset class is well-positioned to withstand the impact of the pandemic.
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Asset Manager NewsPGIM Real Estate Provides $408M Senior Loan Facility For 11-Property Industrial Acquisition
On behalf of its U.S. core plus debt strategy, PGIM Real Estate has provided a $408 million senior loan facility to an institutional real estate investor for the acquisition of 11 Class A industrial properties across California, Texas, Ohio, Florida, and New Jersey. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
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White papersSenior infrastructure debt vs fixed income: which poses fewer challenges for investors?
Senior infrastructure debt is shielded from many of the challenges that face traditional fixed income in a zero-rate world. We explain why.
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White papersReal Estate Debt: Europe’s Developing Opportunity
Barings Real Estate’s Sam Mellor describes the trends underpinning the structural growth of real estate debt in Europe, and compares and contrasts the asset class with other public and private fixed income alternatives.
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White papersOvercoming underwriting obstacles in a pandemic and beyond
The near-term disruption caused by the coronavirus has been testing for real estate borrowers seeking finance and originators. Gregor Bamert explains why new deals are still possible for those able to look through short-term uncertainty.
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White papersWhen equity becomes debt: The untapped potential of amortising-lease real estate
Pension schemes seeking alternatives to bonds may find amortising leases a compelling option, writes Luke Layfield.
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White papersAEW Research Flash Report - September 2020
COVID-19 related capital value declines combined with more conservative lending will lead to refinancing problems in the coming years, despite moderate pre COVID-19 loan-to-value (LTV) levels compared to the global financial crisis (GFC).
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White papers2020 versus 2008: What’s changed for European infrastructure debt?
Infrastructure debt is not immune to a severe economic downturn, but the global financial crisis has left the asset class stronger. We explain why.
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White papersReal assets can offer an income alternative to low bond yields
When it comes to seeking investment income, market participants typically turn to bonds. But alternative sources of income are becoming increasingly important as more investors discover that debt just doesn’t yield enough to meet their portfolio distrubtion needs now. In working with clients around the world, we’re seeing private real assets play a bigger role in generating robust investment income that’s built to last.
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Asset Manager News2020-Q1 Brazil Market Commentary
The stars were seemingly aligned for Brazil’s economy entering 2020, but the outbreak of COVID-19 changed that in a matter of weeks. While the full impact has yet to be realized as Brazil’s outbreak began later than other countries and is currently still expanding, it is already clear that Latin America’s largest economy will see a sharp slowdown in growth during 2020 and unprecedent levels of unemployment.
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White papers2020-Q1 US Market Commentary
COVID-19 and the policies used to quell its spread have forced many economies around the globe into a recession. This weakness inevitably flowed through to housing data, but there are some early indications that the market is in better shape than many feared.
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White papersCOVID-19: Caution is the playbook halfway through the year
More than half-way through what has been an unprecedented and eventful year, now is a good time to take stock of the state of the world economy. It is certainly fair to say that the COVID-19 pandemic is an exogenous shock most forecasters would have struggled to foresee and qualifies as a classic “black swan” event with a very long fat left tail.
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White papersTalking Points – Infrastructure debt in a COVID-19 world, June 2020
When will infrastructure companies be able to get back to “normal”?
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White papersReal assets and the quest for resilient income
COVID-19 has made life harder for already yield-starved investors, and each asset class faces its own challenges. We draw on the latest thinking from our Real Assets House View and research team to highlight where reliable income sources can still be found in real asset markets.
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White papersReal Estate: The Critical Role of Asset Management in a Crisis
Asset management is vital to long-term value creation in real estate debt and equity markets—particularly when it comes to navigating crises like COVID-19.
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White papersAEW Research Flash Report - June 2020
In this fifth update since the onset of the Covid-19 pandemic, we define a new base case scenario by being more precise about our cash shortfall and yield widening assumptions for individual markets and quantify both short and long-term return implications across more individual markets.
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White papersCOVID-19: The re-opening gathers pace
Across the world, economies are re-opening in the aftermath of what is likely to be the deepest recession since World War II. Countries are relaxing social distancing measures in support of economic recovery but still focused on keeping hard-fought infection levels down.
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White papersEuropean Outlook - May 2020
The outbreak of COVID-19 has quickly translated into a severe shock for the global economy and real estate markets. Near-term indicators of performance have turned sharply downward, and the situation is fast-moving.
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White papersCOVID-19: Is there still a premium for illiquidity?
One of the immediate consequences of the COVID-19 pandemic has been a marked reduction in investors’ risk appetite. But will their appetite for the illiquidity premium in private markets also disappear? Laurence Monnier explores.
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White papersAEW Research Flash Report - May 2020
In this fourth update since the onset of the Covid-19 crisis, we update and combine some of our initial thoughts about the impact of the lockdowns and expected restrictions going forward.
