Term Sheet: Optimism at Expo Real, pbb plots new course, Greystar sources £600m BTR loan

A relatively optimistic tone was set at the Expo Real gathering in Munich this week, as market participants reported easing conditions; Germany’s pbb Deutsche Pfandbriefbank rethinks its strategy to focus on high-value sectors; US manager Greystar’s major financing by a consortium of banks demonstrates lender support for UK build-to-rent; and more in today's briefing, exclusively for our valued subscribers.