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Connect CRE · Capital

Transparency Is Becoming a Prerequisite for CRE Capital

Via Connect CRE · September 18, 2026
Compiled by Real Estate Trail Editorial · September 18, 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:
Matthew McAuley, courtesy of JLL Transparency in commercial real estate has typically been considered a measure of market maturity. However, “as disruption and complexity become increasingly embedded in the global eco…
Read the full article at Connect CRE →

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