CREFC World

Lisa Pendergast

Lisa Pendergast

President & CEO

CRE Finance Council

Dear CREFC Members and Industry Colleagues,

As we move through Spring 2026, our industry continues to navigate a landscape of shifting fundamentals and emerging opportunities. The sectors that drive our business—multifamily, data infrastructure, retail, hospitality, and beyond—are responding to evolving capital flows, demographic trends, regulatory pressures, and technological disruption. Understanding these currents and anticipating where they lead is what separates disciplined investors from those caught off guard.

This issue of CREFC World brings together thought leadership on the topics that matter most right now. Our contributors—experienced practitioners across equity, debt, credit analysis, servicing, and research—examine the data, challenge assumptions, and offer perspective grounded in real market experience. Whether the focus is macroeconomic, sector-specific, or structural, the goal is the same: to help you think more clearly about where to deploy capital, what risks to monitor, and what opportunities your peers may be overlooking. Analysis of the 2026 midterms examines how shifts in congressional control will reshape the political environment for banking regulation, tax policy, GSE reform, and housing finance.

We remain committed to publishing twice yearly, ensuring that each issue is curated with care and offers genuine value to your thinking—not noise. Our Editorial Board members are practitioners first, and they bring that rigor to every piece we publish.

Submissions for our Fall 2026 issue will open in mid-August. If you have expertise on a topic of significance to CRE finance—whether macroeconomic, structural, regulatory, or sector-specific—we invite you to submit. The standard is straightforward: bring data, think clearly, and respect your readers’ time.

To our authors and Editorial Board: thank you. To our readers: we hope this issue clarifies what matters for your business in the second half of 2026.

The 2026 Election Outlook: Risks and Opportunities for CRE and Multifamily Finance
David McCarthy | CRE Finance Council

Income Inequality and the Implications for CRE
Stewart Rubin, Matt Wnek, and Marshall Swett | New York Life

The Darlings of Data: 2026 Redux
Christopher Cummings | Trimont

Active Debt Capital, Essential Real Estate: Credit Facility Financings for Healthcare REITs
Tonya Major Gauff, April Johnson, and Kayla Epstein | DLA Piper LLP (US)

Single-Borrower CMBS Default and Loss Study: Weathering the Storm
Larry Kay, Nitin Bhasin, and Kevin Lagerquist | KBRA

Changing Policy and Regulations in New York Multifamily
Ariel Levin and Rob Eslick | CW Asset Management

Affordable Outperforms Market Rate Multifamily in 2025 
Paul Fiorilla and Jacob Gonzalez | Yardi Matrix

 

If you’d like to read this issue of CREFC World in a single document please download that here: 

CREFC World Spring 2026 PDF