A strong property market and early borrower action have helped reduced the wall of CMBS maturities about to hit the U.S. commercial real estate market. However, $192B of loans still needs to be refinanced in 2016 and 2017.

CRE development cycles are shorter than ever, meaning the best deals are where investors can hold on for the long haul, says AECOM Capital CEO John Livingston.

As deals become harder to source, U.S. mezzanine debt investors and lenders are moving to secondary and tertiary markets, and taking on extra risk, to offset yield compression in the sector.

LaSalle Investment Management’s Jacques Gordon tells PrivcapRE how he expects global property markets to perform in 2015.

Capital market movements and geopolitical unrest are two big risks facing real estate investors today, says Rockwood’s Walter Schmidt.

Capital preservation is key for UPS’s real estate head Greg Spick. As a result, value-added and opportunistic funds are out in favor of debt, JVs and more deal control.

Jack Taylor of Prudential Real Estate Investors on where to find relative value—and where not to—in mezzanine debt, why second-tier markets are attractive, and which European countries to look at.

Robert Lieber of C-III Capital Partners gives a macro look at the real estate market, including the impact of Fed moves, where rates are going, and what areas are bouncing back.

Drew Fung of Clarion Partners says rising interest rates aren’t affecting mezz lending much, but there are areas of the market to be avoided.