Term Sheet: Concern about 2023 debt conditions, Aareal’s UK hotels deal, NREP’s self-imposed carbon tax

The latest Emerging Trends report by the Urban Land Institute and PwC highlights debt market fears for 2023; Aareal’s hotel loan to a Tristan Capital Partners fund demonstrates lender support for UK hospitality; NREP takes the initiative with a self-imposed carbon tax as it targets net zero; and more in today’s briefing, exclusively for our valued subscribers.