CBRE

The real estate capital markets can be complex in the best of times and vexing in the worst of times. Lone Star Funds’ Bob Ricci and CBRE’s Tom Rugg share some insights on succeeding in a sluggish time, finding opportunity amid headwinds and where those headwinds have started to ease. Insights to Share: <ul><li>As challenges in the capital markets persist, properties that were financed with heavy leverage may present opportunities.</li><li>Higher interest rates will make rolling over debt a pervasive issue for several years.</li><li>Distress is unlikely to reach the levels of the post-Great Financial Crisis years.</li></ul>

Tom Rugg is the Co-Head of U.S. Large Loans in Debt & Structured Finance at CBRE focusing on institutional debt advisory, with specific expertise in originating, pricing, negotiating, structuring, syndicating, and securitizing large commercial real estate finance transactions. Tom joined CBRE in December 2023 and brings nearly 20 years of large loan and capital markets experience. Since 2016, the U.S. Large Loans team has arranged more than $44 billion in fixed- and floating-rate financing transactions on large single assets and portfolios.

Tom Rugg

Vice Chair, Co-Head of U.S. Large Loans, CBRE

Lone Star is a leading private equity firm advising funds that invest globally in real estate, corporate equity, credit, and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 23 funds with aggregate capital commitments totaling approximately $87 billion. The Lone Star Funds are structured as closed-end, private equity limited partnerships, the limited partners of which include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, funds of funds, and high-net-worth individuals. 

Bob Ricci

Senior Managing Director, Lone Star Funds

Tomorrow (The Sun Will Come Out): How today’s challenging capital markets will reward patience

What matters most right now in Commercial Real Estate. Business leaders join economic, industry and subject matter experts to share their distinct views and latest thinking. The Weekly Take is hosted by Spencer Levy, CBRE’s Senior Economic Advisor and Global Client Strategist. More at cbre.com/TheWeeklyTake