The firm will seek to acquire more than $500 million in commercial mortgage loans, then work to resolve the assets.

MONA will provide both tenant and landlord representation.

We consider leveraged cash-on-cash as a secondary metric since it can be easily manipulated higher by leverage and interest-only terms, says RanchHarbor's Adam Deermount.

The fund will make new loans and invest in real-estate debt securities.

A survey found that 87% could not pay full rent for the month, and 34% were unable to pay any rent at all.

The National Apartment Association and the New Civil Liberties Alliance hope to have a hearing as soon as October.

There are a number of drivers behind the expected deal flow in the third quarter and beyond.

Other institutional investors are also making a play for this asset class.