Edmond de Rothschild Real Estate Investment Management (EDR REIM) has revealed plans to further grow its real estate debt platform, to further capitalise on structural changes and disruptions in the European real estate financing market. Since the start of the debt platform in 2020, the first vintage and second vintage together raised over €350 mln. EDR REIM’s debt team is currently working on a third vintage with the objective to deploy €600 mln over the next few years, with a targeted net IRR of 9% (unlevered) and a target portfolio loan-to-value (LTV) ratio of 70%.
Source: https://propertyeu.info/Nieuws/Edmond-de-Rothschild-REIM-unveils-600m-debt-platform-plans/6a2a391f-4782-460e-8c86-4054492ef97b, on 06.07.2023