The rate increase was driven by two exceptionally large New York City properties: Worldwide Plaza and One New York Plaza.
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Morgan Stanley expects direct lending default rates to reach as high as 8%.
Toby Bozzuto, CEO of Bozzuto Group, calls the oversupply in multifamily real estate "temporary."
Leverage levels in private credit are a point of focus
Blackstone appears to be rebalancing its real estate investment trust portfolio, selling off legacy holdings.
The benchmark 10-year Treasury note yield hit a high of 4.31% last week — a level not seen since early September, almost five…
The average January discount was 10.7%, or roughly five weeks of free rent.
