This article appeared in the Colorado Real Estate Journal's August 18th Publication LINK As we enter the second half of the year, the debt and equity markets continue to be very active, albeit with some lingering areas of caution brought about by the pandemic. Below are some key takeaways through the first half of 2021. Life company allocations update. At the start of 2021, annual life insurance company mortgage allocations generally mirrored 2020 year-end figures, reflecting a steep decrease from original 2020 allocations. The conservative projections reflected continued uncertainty surrounding the timing of the economic recovery, the distribution of vaccines, and...

Essex Financial Group promoted its first female partner, advancing longtime team member Alex Riggs.After several years at Essex working as a producer and with years of extensive capital mar­kets and underwriting experience under her belt, Riggs joined the ranks of several male partners at the firm.Before joining Essex, Riggs pre­viously served as the originator for the Central and Northeast Regions of Pru­dential Mort­gage Capital Co. and originated more than $1.59 billion across all of Prudential’s capital sources. The asset types she specializes in include stabi­lized and pre-stabilized multifam­ily, grocery-anchored retail, hospi­tality, industrial and Class A offic...

It’s starting to become old news to say it, but industrial properties continue to be the most desired product type among investors and lenders. As logistics, technology, e-commerce and construction services companies continue to be such important parts of our economy, the industrial real estate markets continue to flourish. We have worked on a wide range of industrial property financings this year, and we would like to share some frequently asked questions and key financing themes that have come up on recent deals.Question: We recently completed a Class A industrial development and already are 75% leased within six months of delivery. Is it too early to explore the permanent...

This article appeared in Colorado Real Estate Journal's Multifamily Properties Quarterly Issue in May 2021.    LINKMultifamily continues to be the darling of commercial real estate, with both debt and equity chasing a limited number of transactions. While acquisition prices continue to set new records, the affordability of debt allows the deals to pencil.  Within the last two months, we have seen life companies and debt funds alike aggressively compete for structured finance opportunities in order to increase their exposure to multifamily. While in recent weeks treasuries have started to tick up, all-in coupons remain extremely attractive. The follo...