CRE Daily

🔥 NEXT WEEK on No Cap Podcast 🔥 Värde Partners has deployed over $100B across the credit spectrum and this week, Tim Mooney and James E. Dunbar break down how they’re seeing the market right now. From office distress and loan maturities to private credit and multifamily resets, this episode goes deep into where the real pressure is building and who’s actually positioned to capitalize on it. What you can expect: 🔹 Why this cycle looks nothing like the GFC 🔹 How lenders are handling the maturity wall 🔹 Where Värde is still actively deploying capital 🔹 Why today’s distress requires an actual operating strategy Jack Stone and Alexander B. Gornik get into the weeds on how large credit platforms are navigating one of the strangest CRE cycles in years. Season 7 is powered by Henry AI (YC S24), helping CRE teams turn rough deal materials into investor-ready decks fast 🎙️ #NoCapPodcast #CRE #Investing

This Sunday on No Cap 🔥 Jack Stone and Alexander B. Gornik sit down with Tim Mooney, Global Head of Real Estate at Värde Partners, and James E. Dunbar, Head of Real Estate Lending. From distressed debt and structured credit to student housing, hotels, and global lending, they break down how one of the most active investment platforms in CRE is navigating today’s market. The conversation gets into where lenders are finally feeling pressure, why refinancing is replacing forced sales, and how real opportunities are showing up across the capital stack. Full episode drops this Sunday. Shoutout to Henry AI (YC S24) for making this season possible. #NoCapPodcast #CRE #Investing

The South’s tech map is changing fast 👀 D.C. still leads with the highest tech company density in the South at 80.3 per 1,000 businesses… but the growth numbers elsewhere are hard to ignore. Huntsville posted 65.5% tech employment growth. Dallas hit 52.4%, Austin added 40.1% The next wave of tech hubs might not be where people expect. Read the full report at the 🔗 in the comments below. Source: CommercialCafe #tech #cre #realestate

Commercial real estate cap rates continue rising as elevated Treasury yields pressure valuations and slow deal activity. Here’s the scoop: 🔹 All-asset cap rates climbed to roughly 6.3% in Q1 2026. 🔹 Tight spreads vs. Treasurys could push cap rates even higher. 🔹 Financing volatility is freezing transactions across CRE sectors. Source: First American 🔗 Full story in the comments below.

Build-to-rent development remains heavily concentrated in the Sun Belt as affordability pressures keep renters out of the for-sale market. Here’s what you need to know: 👉 The South accounts for 61% of US BTR construction. 👉 Phoenix, Dallas, and Atlanta lead the pipeline. 👉 More than 61,700 BTR units are currently under construction nationwide. Source: RealPage, Inc. 🔗 Full story in the comments below.

US commercial real estate sales lost momentum in April as borrowing costs continued climbing. Transaction volume fell 33% year-over-year to $24.7B, with multifamily sales dropping the most, while rising Treasury yields and looming debt maturities increased pressure across CRE markets. Click here for the full story 👉

AvalonBay Communities and Equity Residential are merging in a record $69B deal to create the largest apartment REIT in US history. Here’s what stands out: 🔹 The merger will combine 180,000 apartment units nationwide. 🔹 The companies expect $125M in annual synergies. 🔹 Scale and AI-driven operations are becoming key industry priorities. Source: Hoya Capital 🔗 Full story in the comments below.

Los Angeles’ mansion tax is pressuring apartment development as higher costs make new projects harder to finance. Here’s what we know: 👉 Multifamily permits fell 46% from 2022 to 2025. 👉 Apartment land sales above the tax threshold dropped sharply. 👉 Developers say projects no longer pencil under current costs. 𝗪𝗛𝗬 𝗜𝗧 𝗠𝗔𝗧𝗧𝗘𝗥𝗦 The slowdown could deepen Los Angeles’ housing shortage as developers pull back from new multifamily projects despite strong housing demand. Source: The Wall Street Journal / Rand Housing Center 🔗 Full story in the comments below.

The last cycle saw a trillion dollars in acquisitions with $700M of debt attached from a zero-interest-rate environment. Now, that credit wave is hitting a refinancing wall that many thought would never come. Check out what Michael Van Der Poel from ACRE had to say to Jack Stone and Alexander B. Gornik in our latest episode, 🔗 in the comments below. Shoutout to our sponsor, Henry AI (YC S24) - for making this season possible.

Self-storage development is slowing as fewer projects break ground and pipelines continue shrinking. Here’s what’s happening: 🔹 Q1 construction starts fell 29% year over year. 🔹 Planned and under-construction pipelines both declined. 🔹 Yardi Matrix expects supply growth to slow through 2028. Source: Yardi Matrix 🔗 Full story in the comments below.