Chinmay Bhatt, senior managing director of Berkadia Joint Venture Equity & Structured Capital, has been hearing from clients that the institutional equity markets are frozen. It is news to him. At the time of GlobeSt.com’s call with him, he was in the market with four deals. What is happening, he explains, is that equity has gotten much more selective as the economy softens and certain commercial real estate assets show weakness. “You just have to have a thick skin,” he says. “While capital is being selective, when they want to engage they will do so in a meaningful way.” 

One of the asset classes that institutional equity is targeting in particular right now is build-to-rent and single family rental homes. Groups interested in BTR and SFR right now are mid to large private equity firms, some REITs and some overseas family offices. All together, Bhatt estimates that the institutional equity available for the space is in the billions.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erika Morphy

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.