Sandeep Mathrani, the mall REIT's CEO, said on an earnings call Wednesday that “the offer is in the hands of the special committee and Brookfield.”

Private debt sources are filling a void for small and mid-sized investors, while banks focus on larger players.

Drastically shifting markets come with added risks, even when the mood is bullish; however, affordable housing has no such problems as an asset class, CPP's Anand Kannan tells GlobeSt.com.

The REIT continues to acquire hotels in core markets.