Taconic Capital Advisors closed its third real estate fund at $500 million with a focus on distressed and opportunistic investments.
Taconic CRE Dislocation Onshore Fund III is one year into its investment period and has already committed or closed on $300 million of investments across 15 transactions. The $8 billion firm sees the COVID pandemic accelerating pre-existing trends and distress in the commercial real estate market. The market has been driven by aggressive pre-COVID financing and transaction assumptions, oversupply in specific markets and COVID-related societal and demographic shifts that will ultimately apply pressure on . . .
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