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With the pandemic opening up secondary opportunities, the Los Angeles-based firm went on a performing loan buying spree for its $650m strategy.
An investor in each major region talks about what real estate debt means to their respective organisation.
The consultancy has hired former JP Morgan and Deutsche Bank real estate banker Birju Shah to lead a combined debt and equity unit.
Michael Zerda, head of Blackstone Real Estate Debt Strategies in Europe, will take on Amy Klein Aznar’s role at LaSalle as she becomes executive chair of the debt and special situations business.
The property manager will target senior loans across a range of UK commercial real estate sectors for terms of up to 50 years.
Oaktree’s substantial deployment of its latest property fund is not indicative of dealflow in the market overall, but rather that it is ahead of the pack.
The manager, which was founded by former Deutsche Bank credit and real estate specialists in 2015, has already deployed €330m across seven investments primarily secured against European offices.
The manager secured commitments from new and existing participants in its European credit fund series.
Ralf Kind, head of the company’s debt business, says investors are looking for safety by backing lending strategies.
In the second of a two-part review of 2020, we examine how real estate lenders continued to do business, and raise fresh capital, amid the uncertainty created by covid-19.