It’s getting to be a cliché, but 2023 could be a pivotal year for commercial real estate — basically because of what happened last year.
The market entered 2022 with high hopes. There were readily available vaccines against the worst of the novel coronaviruses, and restrictions on public gatherings were dropping one by one. The housing market was chugging along, with apartment rents in particular on a steep rise. A mass return to office — and to normalcy — seemed imminent.
On the financing side, look at the collateralized loan obligation market, according to Meridian Capital’s Betesh. “You’re going to start to see the CLO market come back to life next year. That was a big driver of liquidity for the last three years, and it really dried up in the second half of 2022. I think issuances will pick up in 2023.”
Volta Finance Ltd (LON:VTA) is a closed-ended limited liability company registered in Guernsey. Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.
