Armada ETF Advisors and partner Tidal Financial Group recently launched its private real estate strategy via Liquid REITs ETF. Effectively, PRVT is following the allocation “roadmap” of some of the leading private REITs, such as Blackstone and Starwood, and executing on that strategy by buying select public REITs that align with those property sectors and geographic footprints. WMRE recently talked with Armada Managing Director David Auerbach and Portfolio Manager Alfred Otero to hear more about the firm’s investment strategy and views on the REIT market.
While the loan assumption process is not for the faint of heart, the effort and cost it takes to complete can quite possibly result in underlying financing that is far more favorable than where debt markets have gone today.
Activist investor Jonathan Litt has tried to portray the sector as heading for a similar fate as traditional office buildings. Market data and investor activity paint a much more complex picture.
Banks are granting mortgage borrowers extensions and modifications and offering investors perks to purchase defaulted loans, among other measures, to limit distress in the commercial property market, reported U.S. News & World Report. Sequoia Capital’s wealth management arm is looking to invest in real estate credit, according to Bloomberg . These are among today’s must reads from around the commercial real estate industry.
