The outlook suggests strong fundamentals and attractive alternatives will highlight 2021, according to Colliers report.

The average rental price in February was $3,791, a 3% decrease from January numbers and a decline of 13.5% year-over-year.

While a now-improving economy might suggest that the worst is behind us for missed rent payments, there's still some downside risk.

The fund will originate floating-rate first mortgage whole loans secured for CRE.