Volatility in the capital markets has been the primary obstacle for commercial real estate owners and developers in the last two years. With high interest rates, sponsors are looking for alternative options to round out the capital stack—and equity partners have been the favored resource. However, equity partners are selective, and pricing on equity deals has also increased.
In this episode of the GlobeSt. Thought Leadership series, Berkadia's Chinmay Bhatt, senior managing director of joint venture equity and preferred equity, discusses the current market. You'll also hear:
- The current state of availability for JV and preferred equity,
- What's impacting pricing on equity deals, and
- How sponsors can make a deal more attractive.
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