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Chris Lee, Head of Real Estate Americas at KKR

The Walker Webcast

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Is the CMBS Market Starting to Heal?

We think that the CMBS market is starting to heal and that's across the conduit and the SaaS B market. We are seeing relative pricing across a first mortgage loan all the way through looking at the equity at the bottom of the capital structure. But right now, we definitely think it's a lenders market. The relative value in credit, whether it be securities or direct lending is still quite attractive.

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