The increased capital flowing to the preferred equity space far outweighs the volume of available deals.
Real estate investors looking for attractive returns along with added risk protection are finding it in the middle of the capital stack. Capital is pouring into the preferred equity space, resulting in a highly competitive market that is putting pressure on returns and forcing investors to work harder to find good deals.
Interest in preferred equity deals isn’t entirely new, but momentum has picked up of late. “It started to get big five to six years ago and it has blown up even more in the last year or two,” says Noah Miller, vice president at Gelt Financial, a private real estate investment firm based in Delray Beach, Fla. Gelt Financial invests at different points in the real estate capital stack, including preferred equity, mezzanine and bridge loans and senior mortgages.
Lions Hold On to End Raven Season in District Title
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Ravens Take on Lions for 1A District Title
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July 15th, 2021
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Let’s say this straight from the outset Draft evaluation takes years. More than any other sport with a Draft, baseball requires years of development and positives and negatives can come on the roads between making a pick and the end of a Major League career.
That doesn’t completely rule out immediate evaluation, however. As evidenced by MLB Pipeline’s Top 250 Draft prospects, we still have a pretty good idea of who the top talents were heading into this Draft, and that leads to certain picks looking better than others right away.
With that in mind, these are our favorite picks of the 2021 Draft, one for every organization: