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Real Estate Debt


Oaktree launched the Real Estate Debt strategy in 2010 as an expansion of the Real Estate Opportunities strategy. The first portfolio under this strategy umbrella was formed to purchase so called “toxic securities” – residential and commercial mortgage backed securities priced at significant discounts to par, which reflected the excessive use of leverage leading up the 2007-2008 global financial crisis. The Real Estate Debt strategy seeks to achieve attractive risk-adjusted returns and produce current income by investing in real estate-related debt that is not anticipated to result in control of the underlying asset.


The strategy specializes in debt-driven opportunities across the Real Estate group’s six areas of investment focus (commercial real estate, real estate-related corporate investments, structure finance, commercial NPLs, residential real estate and non-U.S. real estate), and pursues a wide range of investments, including CMBS, commercial and residential mortgages, mezzanine loans, and corporate debt.


"We have a competitive advantage in our ability to identify an enhanced opportunity set by looking across a number of investment areas and by drawing upon Oaktree’s expertise in credit,” says John Brady, head of global real estate. Mr. Brady adds, “this strategy enables us to leverage our team and platform to capture a wider range of those debt-oriented opportunities we find to be attractive."


Our approach adheres to Oaktree’s investment philosophy of risk control, consistency and bottom-up analysis. The Real Estate team works in close collaboration with other Oaktree investment teams and an established network of high quality partners throughout the research and investment management process.



Click here for information regarding risk disclosures associated with our strategies.
REAL ESTATE TEAM
  • John Brady
    Portfolio Manager
  • Justin Guichard
    Co-Portfolio Manager
See the complete team

ABOUT THE STRATEGY

 
Assets Under Management
$3,030 million
 
Location
Los Angeles, New York, London, Hong Kong, Seoul, Sydney, Tokyo
 
Strategy Inception
2010

Related Insights

Oaktree Insights

The Case for Private Debt in Real Estate Investing
A Place for Real Estate Debt in Global Credit Investing
Are There Still Winners in a Maturing Real Estate Cycle?
The Power of Credit
Investing in Real Estate

Videos

Relative Value with Howard Marks, Armen Panossian, Madelaine Jones and Justin Guichard
Real Estate Debt Strategy
Real Estate Platform
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