10Y UST5.28%+0.19%30Y MTG7.40%+1.65%SOFR3.87%-0.26%VNQ$90.46+1.25%XLRE$41.50+1.59%FED FUNDS3.88%
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Connect CRE · Capital

CRE Capital Markets Send “Mixed Signals” in H1 2026

Via Connect CRE · October 9, 2026
Compiled by Real Estate Trail Editorial · October 9, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · Real Estate Trail Editorial

Excerpt from Connect CRE:
Commercial real estate investment activity strengthened in the first half of 2026, the Commercial Real Estate Development Association (CREDA) Research Foundation reported. The organization’s U.S. Capital Markets…
Read the full article at Connect CRE →

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