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Could you talk a bit more about the outlook for performance in multifamily? I mean, I heard what you said with regards to the very low levels of new starts
your dry powder has close to doubled in the last 12 months. I was wondering if that was the case as well in direct lending, private debt, given how tight the spreads have become
I'm just wondering how you're thinking about sizing of this product in relation to capacity to deploy in retail
how we might see your distribution evolve. In other words, how much AUM are you currently set up to distribute today?