The vision for One Asset's is to give everyone the ability of investing in the best commercial real estate deals. We exclusively tokenize commercial real estates. We start with the UAE and we aim to go global after that.To attract serious money, whales, and all the capital that we need in the in in the industry [music] to make tokenized asset a success, we first need a legal framework. We in One Asset's, we decided to go with Vara, the regulator from Dubai. It's a super strong regulation.Tough to have and n ...

Deutsche Bank said its exposure to US commercial real estate remains a “key risk” that could force it to raise provisions for credit losses https://t.co/TdvGBnMGw9 ...

CNBC's Diana Olick sits down with Ryan Serhant to discuss the commercial real estate comeback, office demand, AI in real estate, branded residences and where he sees the market headed next. ...

The market doesn't need another hype token. That market doesn't need another mean token. The market doesn't need another infrastructure layer one.And most importantly before you invest in anything, [music] the first thing you always think about is exit. How you going to get asset. If you can't get exit, it's not a good asset class. Commercial real estate is a good asset class.But the problem is a lot of people can't access our market. So when they're going to provide that solution for investors to access th ...

Financial Data and Key Metrics Changes - For the fourth quarter of 2025, the company reported a GAAP net loss of $1.56 per share and a distributable loss of $0.71 per share, with distributable earnings prior to realized gains and losses at $0.02 per share [10] - The held for investment loan portfolio decreased to $3.7 billion at December 31, 2025, down from $4.3 billion at September 30, 2025, and $6.1 billion at year-end 2024 [10][11] - The total CECL reserve on loans receivable held for investment increased from $308 million, or 6.8% of UPB at September 30, to $443 million, or 10.9% of UPB at year-end [20] Business Line Data and Key Metrics Changes - Office exposure decreased from $859 million to $589 million, and land exposure decreased from $489 million to $187 million [11] - The company resolved 11 watch list loans, representing an aggregate UPB of $1.3 billion, exceeding the $2 billion resolution target for 2025 by achieving $2.5 billion in total resolutions [4][15] Market Data and Key Metrics Changes - The company observed encouraging indicators in the property market, including a reduction in new supply, tightening credit spreads, and improving financing costs for new originations [8] - Increased demand for industrial space and significant investments in areas such as artificial intelligence and domestic manufacturing were noted, which are expected to support job growth and incremental demand for real estate over time [8] Company Strategy and Development Direction - The company aims to continue resolving watch list loans, deleveraging the balance sheet, and reducing capital costs over time, with a focus on asset management and decisive execution in 2026 [7][9] - The goal is to position the company to evaluate new lending opportunities towards the end of 2026 and lay the groundwork for portfolio growth in subsequent years [9] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic but cautious about the macroeconomic backdrop, anticipating a gradual improvement in the real estate market rather than an overnight recovery [7] - The company is focused on cleaning up its book to create a more transparent business, which is essential for proper market evaluation [28] Other Important Information - The company retired the Term Loan B, which had a balance of $718 million, and replaced it with a new $500 million senior secured loan from HPS, extending the maturity of corporate debt to 2030 [5][24] - The company generated significant liquidity, with $153 million in liquidity reported, representing a $51 million increase compared to the prior year-end [25] Q&A Session Summary Question: Opportunities to create shareholder value outside of resolving the portfolio - Management emphasized the need to clean up the book for better market evaluation before considering other opportunities [28] Question: Expectations for net interest income (NII) in Q1 2026 - Management indicated that NII is likely to remain lower in the first and second quarters due to ongoing loan resolutions and portfolio transitions [30] Question: Percentage of reserves that could translate into losses over the next 12 months - Management stated that they believe they are appropriately reserved, with ongoing resolutions expected to accelerate [32][33] Question: Liquidity levels in 2026 - Management expressed confidence in liquidity levels, which are above minimum requirements, and indicated plans for capital allocation options [45] Question: Changes in expectations for the pace of sales from the REO portfolio - Management noted a more constructive environment for resolving assets but emphasized the need for a balanced approach [48] Question: Individual NOIs within the REO portfolio - Management described a mixed performance in NOI across REO assets, with some generating positive NOI and others being more challenged [54] Question: CapEx expectations for REO properties - Management indicated that CapEx would not be a meaningful amount, depending on hold periods and the acceleration of dispositions [57] Question: Financing of watch list loans with the new term loan - Management clarified that the new term loan is more of a corporate debt facility and not specifically for financing watch list loans [58]

Lenders to commercial real estate owners are reaching breaking point—calling in tens of billions of dollars in loans https://t.co/SDocw0mTfz ...

Group 1 - Brett Ashcroft-Green is a CERTIFIED FINANCIAL PLANNER™ and the founder of Ashcroft Green Advisors, a registered investment advisory firm based in Nevada [1] - The firm specializes in working with high-net-worth and ultra-high-net-worth families, leveraging Brett's extensive experience in private credit and commercial real estate mezzanine financing [1] - Brett has a professional background that spans the U.S. and Asia, including significant experience in China, and is fluent in Mandarin Chinese [1] Group 2 - The article does not provide any specific financial, investment, tax, or legal advice, emphasizing the importance of consulting with a qualified financial professional [3] - It highlights that the author's views are based on independent research and professional experience, without any compensation from companies mentioned [2][3]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a GAAP net loss attributable to common stockholders of $27.4 million, or -$0.58 per basic common share, which includes a provision for credit losses of $14.4 million, or -$0.30 per share, and an impairment loss in the Miami Beach REO asset of $6.8 million, or -$0.14 per share [15] - The book value at December 31 was $7.29 per common share, a decline of $0.65 per share from Q3, primarily due to the provision for credit losses and impairment loss on REO [15] - The aggregate CECL reserve at December 31 was approximately $148 million, up from $134 million in the previous quarter, reflecting an increase in specific reserves on collateral-dependent loans and worsening macroeconomic forecasts [16] Business Line Data and Key Metrics Changes - The total loan portfolio commitments at year-end were $1.8 billion, with an outstanding principal balance of $1.7 billion and about $77 million of future fundings, accounting for only about 4% of total commitments [9] - The realized loan portfolio yield for Q4 was 6.7%, which would have been 8% excluding nonaccrual loans [9] Market Data and Key Metrics Changes - The commercial real estate industry experienced strong momentum in 2025, with increased capital availability and improved fundamentals across many markets and property types [5] - Lending volume expanded to a wider range of property types and markets, benefiting the CMBS market and strengthening CLO issuance [5][6] Company Strategy and Development Direction - The company aims to reduce higher-cost debt and focus on asset resolutions, with plans to begin regrowing the portfolio in the latter half of 2026 [7][8] - The strategy includes reallocating capital in the portfolio and recycling into new originations as a high priority [8] Management's Comments on Operating Environment and Future Outlook - Management noted that the market momentum from 2025 has continued into early 2026, setting the stage for potentially stronger transaction activity across property types [7] - The company expects to see upgrades and downgrades in credit ratings, with ongoing risks of future losses embedded in their reserves [25][26] Other Important Information - The company had an active year of loan repayments and resolutions totaling about $469 million during 2025, with $45 million of loan repayments in Q4 [10] - The company is focused on resolving remaining rated loans, particularly in the office sector, and is optimistic about the overall performance of the portfolio [26][30] Q&A Session Summary Question: How is the company thinking about the economics of new origination versus returning capital to shareholders? - The company plans to continue resolving loans and decreasing leverage until it starts originating again later in the year [19] Question: What is the current reserve position and likelihood for further reserve build? - The company updates its CECL process quarterly, with the current reserve reflecting the latest economic forecasts, and believes it is appropriately reserved for collateral-dependent loans [21][22] Question: Where may book value per share trough in this cycle? - Management acknowledged the risk of future losses and noted that the majority of the portfolio is performing well, with ongoing resolutions expected [25][26] Question: What are the expectations for the multifamily property type? - The company feels positive about the multifamily sector overall, despite some downgrades, and expects a recovery trend in the second half of the year [31][32] Question: What is the visibility on scheduled maturities? - The company expects the portfolio to decrease through mid-2026 before stabilizing and regrowing, with clear communication with borrowers regarding expectations for loan repayments [37][39]

A steadily building wall of maturing property debt in the US is finally letting up as the outlook for commercial real estate improves https://t.co/BkQniu7omj ...

Europe’s commercial real estate market posted its best quarter for deal making since the ECB brought the cheap money era to a a shuddering halt in 2022 https://t.co/rx3ClCMTpt ...