This article is sponsored by Affinius Capital, Beach Point Capital Management, Kayne Anderson, Pretium and Schroders Capital
Among the US real estate debt managers gathered for PERE’s US debt roundtable discussion are some who attest that it has been a challenging year.
Over the course of 2025, fluctuating trade policy, geopolitical uncertainty and concerns over the expanding US federal deficit have combined to depress consumer and business sentiment. The perception of growing economic risk has also impacted bond markets, with 10-year Treasury yields increasing to 4.25 percent at time of writing.
That has not prevented a modest recovery in the real estate investment market, however, and capital is still being deployed. CBRE figures show $96 billion of real estate was traded in Q2 2025, representing a 2 percent year-on-year increase, or 13 percent excluding entity-level transactions. The broker expects commercial real…
