Chicago & Midwest + Downtown + Finance | July 14, 2022

Mark Kramer joined PPM America in 2018, a move that led to the development of the firm's core plus real estate strategy

PPM America’s Core Plus Strategy Marks Two Milestones

PPM America Inc.’s Core Plus Real Estate Debt Strategy recently achieved two key milestones: a three-year track record and more than $500 million in structured loans. Hiring Mark Kramer (pictured) from BlackRock in late 2018 drove the development of the current Core Plus Real Estate Debt Strategy, which now has more than $650 million in total assets with exposure across all major property types.

The strategy seeks enhanced returns on first mortgage and subordinate debt on pre-stabilized and light transitional commercial properties by lending to middle-market and institutional sponsorships in markets with stable fundamentals or incentives for long-term economic growth.

Established in 1995, PPM’s Chicago-based commercial real estate team has 33 dedicated members with senior leadership averaging 28 years of real estate experience and 19 years average firm tenure. The team manages $7.2 billion in commercial mortgage loans and has averaged $1.4 billion in originations annually over the past decade.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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