PDI Picks – 3/26/2018

Let’s get real

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Plenty of firms lend against cash flows. Isn’t it better to lend against something you can see and touch?

Fundraising for real estate as an asset class is falling. But fundraising for real estate debt is increasing, according to data from Private Debt Investor sister publication PERE. You can see it in the numbers and the news coverage.

The data show that in 2015, debt consisted of 14 percent of the total capital raised for real estate investing. In 2016, that number rose to 18 percent and last year it jumped to 27 percent. So far, it makes up 28 percent of 2018’s year-to-date real estate fundraising total.