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Recapping CRE Finance Council’s Summit-West
CREFC’s Commercial Real Estate Finance Summit-West, recently held in Los Angeles, covered a variety of industry, market, economic, investment, legal and government-relations issues. The 260-attendees discussed current industry dynamics, as well as key topics affecting the sector including:
- High-yield asset and debt investing, including both CMBS and non-CMBS product
- Approaches to shifting commercial and multifamily property fundamentals
- Changes in real estate law
- Ongoing dialogue between young CRE professionals and industry vets on experiences and lessons learned
Key Takeaways from Speakers:
Citigroup Global Markets’ Paul Vanderslice: “Retail exposure has become the new risk retention. That’s what people want to talk about. CMBS issuers don’t want to craft any securitization that has too high a retail exposure.”
Thompson & Knight LLP’s William O’Connor: “There’s been a sea change with the emergence of private equity players in commercial real estate. Increasingly, we see some of the same investors taking equity and debt positions simultaneously, which is a new phenomenon.”
CRE Finance Council’s Lisa Pendergast: “Bank and securitized lending regulations, and more conservative loan underwriting, have fueled the growth in alternative and high-yield lenders. The good news for borrowers: Now ample debt capital is looking for a home.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

