Latest news with #CREFC
Yahoo
2 days ago
- Business
- Yahoo
The CRE Finance Council Unveils Its 2025 Class of '20 Under 40'
CREFC celebrates young professionals from lenders, investors, borrowers, legal and accounting firms NEW YORK, June 6, 2025 /PRNewswire/ -- The CRE Finance Council (CREFC), the trade association that exclusively represents the $6 trillion commercial and multifamily real estate finance industry, unveiled its 2025 class of accomplished '20 Under 40' professionals. The 2025 class will be introduced at CREFC's Annual Conference in New York City. This year's '20 Under 40' recipients are reshaping commercial real estate (CRE) finance with fresh ideas and innovation. They work with lenders, investors, borrowers, and legal and accounting firms. These young professionals focus on a wide range of commercial properties and support servicers, borrowers, and lenders. They originate loans, structure CMBS transactions, and are involved with loan workouts. Also, this class of '20 Under 40' mentors other young professionals and devotes time to community charities. "We want to congratulate and welcome members of the 2025 class of '20 Under 40', who will become tomorrow's CRE finance leaders. As professionals, they have come of age in a market that has been challenged by high benchmark and mortgage rates and a wide range of economic uncertainty," said Lisa Pendergast, President and CEO of CREFC. "We salute this class of talented professionals, many of whom are actively involved with CREFC committees and help shape the development of novel and engaging CREFC programming. Their creative energy, determination, and innovations help ensure the CRE finance industry continues to evolve and meet a variety of challenges as we move forward." CREFC's annual '20 Under 40' awards are part of an ongoing effort to recognize the next generation of leaders in CRE finance. CREFC's Young Professionals Network offers career development, networking, and educational opportunities for this group of CRE finance professionals. DANIEL BLAKELY ALLISON M. BORTNER Partner Duane Morris LLP PATRICK BOYLE Vice President, Boston Capital Markets Colliers ANTHONY CANDELA Senior Vice President Slate Asset Management THOMAS F. DUGAN Partner Eversheds Sutherland EVAN GIBSON Executive Vice President, Capital Markets Merchants Capital BRANDON HEIM Principal, Real Estate Ares Management RACHEL HUNTER-GOLDMAN Managing Director KKR NITYA KUMAR GOYAL Partner Dechert LLP MICHAEL IANNO Senior Director, Capital Markets Walker & Dunlop EUNI JO Associate Cadwalader, Wickersham & Taft LLP KENNETH KASMIR Senior Manager Deloitte & Touche LLP SOPHIA (XUEFEI) OUYANG Director KPMG LLP CHLOE PARK Assistant Vice President, CMBS & Real Estate Finance Group Citibank CLAYTON ROSS Director JLL Capital Markets JEFFREY SCHWARTZ Director, Real Estate Sector Coverage ING PRERNA SONI Partner Gibson, Dunn & Crutcher STEPHANIE STEIN Partner McDermott Will & Emery LLP MADELINE TRACY Director, U.S. CRE Finance Group Barclays MICHAEL WATSON Director SVN To learn more about this year's '20 Under 40' recipients, click here. About CREFCThe CRE Finance Council (CREFC) is the trade association for the nearly $6 trillion commercial real estate finance industry with a membership that includes more than 400 companies and 19,000 individuals. Member firms include balance sheet and securitized lenders, loan and bond investors, private equity firms, servicers, rating agencies, and borrowers. For 30 years, CREFC has promoted liquidity, transparency, and efficiency in the commercial real estate finance markets, and acted as a legislative and regulatory advocate for the industry, playing a vital role in setting market standards and best practices, and providing education for market participants. View original content to download multimedia: SOURCE CRE Finance Council
Reuters
24-04-2025
- Business
- Reuters
CRE market sentiment dropped by most in Q1 since pandemic, survey finds
WASHINGTON, April 24 (Reuters) - Optimism in the U.S. market for commercial real estate financing witnessed its second largest drop ever in the first quarter, triggered by President Donald Trump's new tariff policies, a new survey found. In a survey of CRE financing participants conducted from March 31 to April 7, the CRE Finance Council said Wednesday that optimism in the sector fell 30.5% since the fourth quarter. The quarterly decline is exceeded only by the onset of the Covid-19 pandemic at the start of 2020. Eighty percent of those surveyed said they expected economic conditions to worsen over the next 12 months, versus just 12% saying so in the fourth quarter of 2024, according to the survey. Half of those surveyed said they expect worsening CRE market conditions over the next 12 months. Six in 10 respondents pointed to increasing risk tied to the Trump administration's trade policies and rising geopolitical tensions for their outlooks. Sixty percent of those surveyed post-'Liberation Day' said they were concerned about rising construction costs as a result of the new tariffs. Just under 70% said they expected the office sector to suffer as a result of cancellations in federal government building leases by the Department of Government Efficiency. "The dramatic drop in our Sentiment Index clearly signals concern, but beneath the headline numbers we see pockets of cautious optimism, particularly regarding how lower interest rates might finally break the transaction logjam that has persisted through much of 2024," Lisa Pendergast, president and CEO of CREFC, commented in a press release. "What makes this quarter's survey particularly revealing is the stark contrast to last quarter's record high sentiment, demonstrating how quickly market psychology can shift with changing economic policies," she added. Among the bright spots, eight in 10 respondents expected issuance of commercial mortgage-backed securities, or CMBS, to either hold steady or post a moderate decline despite the shifting market. This comes on the heels of a strong fourth quarter for CMBS dealmaking, the CREFC noted.
Yahoo
24-04-2025
- Business
- Yahoo
CRE market sentiment dropped by most in Q1 since pandemic, survey finds
By Matt Tracy WASHINGTON (Reuters) -Optimism in the U.S. market for commercial real estate financing witnessed its second largest drop ever in the first quarter, triggered by President Donald Trump's new tariff policies, a new survey found. In a survey of CRE financing participants conducted from March 31 to April 7, the CRE Finance Council said Wednesday that optimism in the sector fell 30.5% since the fourth quarter. The quarterly decline is exceeded only by the onset of the Covid-19 pandemic at the start of 2020. Eighty percent of those surveyed said they expected economic conditions to worsen over the next 12 months, versus just 12% saying so in the fourth quarter of 2024, according to the survey. Half of those surveyed said they expect worsening CRE market conditions over the next 12 months. Six in 10 respondents pointed to increasing risk tied to the Trump administration's trade policies and rising geopolitical tensions for their outlooks. Sixty percent of those surveyed post-'Liberation Day' said they were concerned about rising construction costs as a result of the new tariffs. Just under 70% said they expected the office sector to suffer as a result of cancellations in federal government building leases by the Department of Government Efficiency. "The dramatic drop in our Sentiment Index clearly signals concern, but beneath the headline numbers we see pockets of cautious optimism, particularly regarding how lower interest rates might finally break the transaction logjam that has persisted through much of 2024," Lisa Pendergast, president and CEO of CREFC, commented in a press release. "What makes this quarter's survey particularly revealing is the stark contrast to last quarter's record high sentiment, demonstrating how quickly market psychology can shift with changing economic policies," she added. Among the bright spots, eight in 10 respondents expected issuance of commercial mortgage-backed securities, or CMBS, to either hold steady or post a moderate decline despite the shifting market. This comes on the heels of a strong fourth quarter for CMBS dealmaking, the CREFC noted. Sign in to access your portfolio
Malaysian Reserve
23-04-2025
- Business
- Malaysian Reserve
CREFC's 1Q 2025 Sentiment Index Shows Steep Decline Amid Rising Tariff and Market Uncertainty
NEW YORK, April 23, 2025 /PRNewswire/ — The CRE Finance Council (CREFC), the industry association representing the $6.2 trillion commercial and multifamily real estate finance sector, today released its First-Quarter 2025 (1Q25) Board of Governors (BOG) Sentiment Index survey results. Conducted from March 31 to April 7, 2025, the survey captured a dramatic shift in market sentiment that coincided with President Trump's 'Liberation Day' tariff announcements on April 2. The 1Q25 Sentiment Index fell 30.5% to 87.9 from 126.6 in 4Q24 – the second-largest drop on record and exceeded only by the onset of the pandemic in 1Q20. Specifically, the decline brings the index below the baseline of 100 for the first time since the pandemic era. The precipitous decline reflects growing concerns over economic uncertainty triggered in large part by recent trade policies that have led to heightened market volatility. Key Highlights From 1Q25 Index Core Questions: Economic Outlook: Sentiment turned sharply negative, with 80% expecting worse economic conditions over the next 12 months, up from just 12% last quarter; only 7% expect improvement (down from 42%). Federal Policy: A decisive shift with 59% expecting negative impacts from government actions (up from 2% last quarter) and only 11% expecting positive impacts (down from 74%). Rate Impact: Notably split sentiment with an equal 30% seeing positive and negative impacts, suggesting divided perspectives on whether potentially lower rates might offset other negative factors. CRE Fundamentals: Sharp deterioration with 50% expecting worsening conditions (up from 12%) and only 17% expecting improvement (down from 65%). Transaction Activity: Expectations moderated significantly with only 35% expecting increased demand (down from 86%) and 20% expecting less demand (up from 0%). Financing Demand: While still positive overall, expectations dropped dramatically, with 48% expecting more demand (down from 91%) and 13% expecting less (up from 2%). Market Liquidity: Considerably more pessimistic with only 15% expecting better conditions (down from 81%) and 26% expecting worse conditions (up from 0%). Overall Sentiment: The industry outlook deteriorated sharply, with 43% now negative (up from 0%) and only 22% positive (down from 77%). Additional Topical Insights: The survey revealed that geopolitical tensions and trade disputes dominated risk concerns, with 59% of respondents including these factors among their top risks. For federal government lease terminations by the Department of Government Efficiency (DOGE), 67% expect moderate negative impacts on office sector performance. Additionally, 60% of post-Liberation Day respondents were either very or extremely concerned about tariff impacts on construction costs and CRE development. Among the bright spots, 80% of respondents expect CMBS issuance volumes to either hold steady or post a moderate decline despite market volatility, following a strong first quarter. Lisa Pendergast, President and CEO of CREFC, commented: 'The CRE finance industry finds itself at a genuine crossroads. The dramatic drop in our Sentiment Index clearly signals concern, but beneath the headline numbers we see pockets of cautious optimism, particularly regarding how lower interest rates might finally break the transaction logjam that has persisted through much of 2024. What makes this quarter's survey particularly revealing is the stark contrast to last quarter's record high sentiment, demonstrating how quickly market psychology can shift with changing economic policies.' For more information about the 1Q25 BOG Sentiment Index and the full survey results, please click here or contact Raj Aidasani at raidasani@ About CREFC and the Board of Governors Sentiment Index The CRE Finance Council (CREFC) is the trade association for the commercial real estate finance industry. More than 400 companies and 19,000 individuals are members of CREFC. CREFC's members play a critical role in the U.S. economy by financing office buildings, industrial properties, multifamily housing, retail facilities, hotels, and other types of commercial and multifamily real estate. Over 50 senior executives in the commercial real estate finance markets represent CREFC's Board of Governors. These leaders come from every sector of the commercial real estate lending and mortgage-related debt investing markets, including balance sheet and securitized lenders, loan and bond investors, mortgage bankers, private equity firms, loan servicers, rating agencies, attorneys, accountants, and others. CREFC's BOG Sentiment Index aims to gauge quarter-over-quarter shifts in market conditions for the CRE finance market. The survey, first administered in 2017, consists of nine core questions and additional topical questions. Responses to the core questions are equally weighted and summed to create a single index value.
Bloomberg
27-02-2025
- Business
- Bloomberg
CRE Sentiment and Risks with Lisa Pendergast: Macro Matters
On this episode of the Bloomberg Intelligence Macro Matters Podcast, Lisa Pendergast, President and CEO of CREFC, joins host and BI's Chief US Rates Strategist, Ira Jersey, Senior REIT Analyst Jeffrey Langbaum, and Senior US and CA Rates Strategy Associate, Will Hoffman to discuss all things commercial real estate. They discuss changes in market sentiment across the post-covid period, and the relative-value across market segments. They also discuss the potential for continued office space conversions, and how the industry is approaching it's maturity wall amid an on-hold Federal Reserve.
