Core Real Estate Debt Strategy Overview
OBJECTIVE
Seeks enhanced returns above investment grade fixed income products by providing first mortgage debt on stabilized income producing commercial properties
BENCHMARK
Bloomberg US Intermediate Credit Index
STRATEGY INCEPTION
April 1, 2004
HIGHLIGHTS
- We seek to provide investors with an opportunity to generate 5.5-7%1 potential unlevered returns depending on risk tolerance through a diversified portfolio of commercial mortgage loans secured predominately by income producing assets.
- We lend to middle-market and institutional sponsorships in markets we believe have stable or improving fundamentals.
- The loan collateral typically is of higher quality and in established locations which we believe helps to insulate the investment from significant value fluctuations.
Investment Spotlight
Portfolio Managers
EXPERIENCE AND STABILITY
PPM is an investment-led organization which utilizes a team-based approach to manage the assets of the portfolio. Portfolio managers work closely with asset class specialists, research analysts and traders to generate ideas and to gain greater insight on the market environment as they make investment decisions.
Our Insights
(1) Upfront and ongoing fees may be used to enhance returns. Forward looking statements and targets are subject to uncertainties that could cause actual developments and results to differ materially from the expectations expressed.
