Simpson Thacher in the News
Go Back
Michael Wolitzer Quoted in Law360 on Trends in Real Estate Debt Fund Formation
08.02.23
This is only gets display when printing
Michael Wolitzer, Head of the Firm’s Investment Funds Practice, was quoted in an article titled, “With Troubled Offices, Mezzanine Debt Takes Center Stage,” which was published by Law360. The article explored mezzanine debt in the commercial real estate industry and noted that fundraising for mezzanine debt this year has already exceeded totals for each of the previous 13 years (Preqin). Michael explained that “In the last few years, mezzanine lending has come back and really become part of the landscape,” adding that real estate is particularly making a resurgence this year. He additionally noted that “Certain sub asset classes of real estate are pretty hard, like office or retail, but nevertheless, because it is a challenged asset class, the yield is at a point where people can get meaningful double-digit returns on the debt side.”
To read the full article, please click here (subscription required).