How Will Real Estate Debt Perform in the Next Downturn?

Institutional investor interest in real estate debt of all forms has been surging in recent years, thanks in part to a view that it has attractive risk/return characteristics. In a recent interview, Privcap asked two real estate debt experts to better explain the investor appetite and risk characteristics of real estate debt and, critically, to offer thoughts on how this asset class may perform in the next economic downturn.