They discuss the cautious lending behavior towards office spaces and the emergence of specialty lenders to fill the gaps left by commercial banks, highlighting that it will take time for lending markets to return to normal.
Heading into 2024, rate cuts are the silver lining on everyone’s mind. Still, Ron Dickerman, founder and president of private equity firm Madison International Realty, sees 2024 as a “transitional year.” As capital cautiously comes off the sidelines, Dickerman talks opportunity in the wall of maturities and which asset classes he’s eyeing. Hint: Cold storage is on the come-up