There’s something to celebrate at PPM America, an investment management firm that is seeing continued success in its commercial real estate unit.
The company said its Core Plus Real Estate Debt Strategy achieved a three-year track record of over $500 million in structured loans. The strategy – which focuses on commercial mortgage loans, CMBS, unsecured REIT debt, and other real estate debt investment – now has over $650 million in total assets averaging about $25 million in loan size across all major property types.
PPM credited the milestone to its commercial real estate team overseen by Mark Kramer, who drove the development of the current Core Plus Real Estate Debt Strategy. The team, comprised of 33 members, manages $7.2 billion in commercial mortgage loans and has averaged $1.4 billion in annual originations over the past decade.