When Ladder Capital first unveiled plans to float a commercial mortgage REIT in July, it followed in a line of other private fund managers looking to the public markets for equity. From Starwood Capital to Colony Capital and Apollo Global Management, US institutional investors were able to take their pick of blind pool debt-focused real estate investment trusts.
AMERICAS NEWS: Blind-pool reticence
Ladder Capital postponed plans for a partial blind-pool REIT after institutional investor appetite waned in September. CEO Brian Harris tells Zoe Hughes the firm will look to the public markets again as Ladder plans to take advantage of a ‘permanent change’ in the US lending community. PERE Magazine December 2009- January 2010
