Another day, another set of companies interested in the potential that CRE distress might offer. Atlanta-based real estate investment platform CARROLL Credit is working with institutional partners to pull together $250 million for structured capital investments in multifamily primarily found in the Sun Belt.

That region as well as the West have been seen by the industry as fertile grounds for profits, given shifts in demographics and businesses moving to the areas. Those changes have directly and indirectly driven demand for housing. As is true elsewhere in the country, costs of buying a house, compounded by rising mortgage rates, have pushed many people firmly into the arms of rental living.

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Erik Sherman

 

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