<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/xsl" href="static/style.xsl"?><OAI-PMH xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/ http://www.openarchives.org/OAI/2.0/OAI-PMH.xsd"><responseDate>2026-09-23T05:34:43Z</responseDate><request verb="GetRecord" identifier="oai:dspace.mit.edu:1721.1/107864" metadataPrefix="dim">https://dspace.mit.edu/server/oai/request</request><GetRecord><record><header><identifier>oai:dspace.mit.edu:1721.1/107864</identifier><datestamp>2021-07-05T14:03:20Z</datestamp><setSpec>com_1721.1_7582</setSpec><setSpec>com_1721.1_7581</setSpec><setSpec>col_1721.1_131023</setSpec></header><metadata><dim:dim xmlns:dim="http://www.dspace.org/xmlns/dspace/dim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:doc="http://www.lyncode.com/xoai" xsi:schemaLocation="http://www.dspace.org/xmlns/dspace/dim http://www.dspace.org/schema/dim.xsd">
   <dim:field mdschema="dc" element="contributor" qualifier="advisor" lang="en_US">Walter N. Torous.</dim:field>
   <dim:field mdschema="dc" element="contributor" qualifier="author" lang="en_US">Li, Yunda</dim:field>
   <dim:field mdschema="dc" element="contributor" qualifier="other" lang="en_US">Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.</dim:field>
   <dim:field mdschema="dc" element="contributor" qualifier="department" lang="en_US">Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.</dim:field>
   <dim:field mdschema="dc" element="contributor" qualifier="department">Massachusetts Institute of Technology. Center for Real Estate</dim:field>
   <dim:field mdschema="dc" element="date" qualifier="accessioned">2017-04-05T16:00:40Z</dim:field>
   <dim:field mdschema="dc" element="date" qualifier="available">2017-04-05T16:00:40Z</dim:field>
   <dim:field mdschema="dc" element="date" qualifier="copyright" lang="en_US">2016</dim:field>
   <dim:field mdschema="dc" element="date" qualifier="issued" lang="en_US">2016</dim:field>
   <dim:field mdschema="dc" element="identifier" qualifier="uri">http://hdl.handle.net/1721.1/107864</dim:field>
   <dim:field mdschema="dc" element="identifier" qualifier="oclc" lang="en_US">976168201</dim:field>
   <dim:field mdschema="dc" element="description" lang="en_US">Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2016.</dim:field>
   <dim:field mdschema="dc" element="description" lang="en_US">Cataloged from PDF version of thesis.</dim:field>
   <dim:field mdschema="dc" element="description" lang="en_US">Includes bibliographical references (pages 68-71).</dim:field>
   <dim:field mdschema="dc" element="description" qualifier="abstract" lang="en_US">U.S. commercial real estate debt capital market is experiencing some underlying structural changes. New regulations in banking and CMBS industry have resulted in reduced roles of these regulated lenders in the commercial real estate financing market. Funding gaps appear in the market as regulated lenders pullback from various types of lending. This paper delivers a comprehensive and most updated analyses on the current U.S. commercial real estate debt capital market opportunities and investment strategies. The paper illustrates the current debt capital market landscape, summarizes the key regulation changes that created challenges for regulated lenders, identifies the current dislocations and opportunities in the U.S. commercial real estate debt capital market, analyzes appropriate investment strategies that can capitalize on these opportunities, and finally identifies target investors for each strategy. This paper takes the angles of both investment managers and institutional investors, as it provides insights and analyses for both audience groups.</dim:field>
   <dim:field mdschema="dc" element="description" qualifier="statementofresponsibility" lang="en_US">by Yunda Li.</dim:field>
   <dim:field mdschema="dc" element="description" qualifier="degree" lang="en_US">S.M. in Real Estate Development</dim:field>
   <dim:field mdschema="dc" element="format" qualifier="extent" lang="en_US">73 pages</dim:field>
   <dim:field mdschema="dc" element="language" qualifier="iso" lang="en_US">eng</dim:field>
   <dim:field mdschema="dc" element="publisher" lang="en_US">Massachusetts Institute of Technology</dim:field>
   <dim:field mdschema="dc" element="rights" lang="en_US">MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.</dim:field>
   <dim:field mdschema="dc" element="rights" qualifier="uri" lang="en_US">http://dspace.mit.edu/handle/1721.1/7582</dim:field>
   <dim:field mdschema="dc" element="subject" lang="en_US">Center for Real Estate. Program in Real Estate Development.</dim:field>
   <dim:field mdschema="dc" element="title" lang="en_US">Navigating treacherous waters : U.S. private real estate debt market opportunity and investment strategy under new debt capital market order</dim:field>
   <dim:field mdschema="dc" element="title" qualifier="alternative" lang="en_US">Navigating treacherous waters : US private real estate debt market opportunity and investment strategy under new debt capital market order</dim:field>
   <dim:field mdschema="dc" element="title" qualifier="alternative" lang="en_US">Navigating treacherous waters : United States private real estate debt market opportunity and investment strategy under new debt capital market order</dim:field>
   <dim:field mdschema="dc" element="title" qualifier="alternative" lang="en_US">U.S. private real estate debt market opportunity and investment strategy under new debt capital market order</dim:field>
   <dim:field mdschema="dc" element="type" lang="en_US">Thesis</dim:field>
   <dim:field mdschema="dc" element="format" qualifier="mimetype">application/pdf</dim:field>
   <dim:field mdschema="dspace" element="authorsordered">false</dim:field>
   <dim:field mdschema="dspace" element="entity" qualifier="type">Publication</dim:field>
   <dim:field mdschema="others" element="access-status">unknown</dim:field>
   <dim:field mdschema="others" element="access-status">unknown</dim:field>
   <dim:field mdschema="cerif" element="openaire" authority="" confidence="-1">&lt;Publication xmlns="https://www.openaire.eu/cerif-profile/1.1/" id="1daf1761-d9ac-4fa1-b563-ece83202b0a5">
	&lt;Type xmlns="https://www.openaire.eu/cerif-profile/vocab/COAR_Publication_Types">http://purl.org/coar/resource_type/c_1843&lt;/Type>
	&lt;Language>eng&lt;/Language>
   	&lt;Title>Navigating treacherous waters : U.S. private real estate debt market opportunity and investment strategy under new debt capital market order&lt;/Title>
   	&lt;Subtitle>Navigating treacherous waters : US private real estate debt market opportunity and investment strategy under new debt capital market order&lt;/Subtitle>
   	&lt;Subtitle>Navigating treacherous waters : United States private real estate debt market opportunity and investment strategy under new debt capital market order&lt;/Subtitle>
   	&lt;Subtitle>U.S. private real estate debt market opportunity and investment strategy under new debt capital market order&lt;/Subtitle>
   	&lt;PublishedIn>
    	&lt;Publication>
      	&lt;/Publication>
   	&lt;/PublishedIn>
   	&lt;PublicationDate>2016&lt;/PublicationDate>
   	&lt;Authors>
      	&lt;Author>
        	&lt;DisplayName>Li, Yunda&lt;/DisplayName>
         	&lt;Affiliation>
         		&lt;OrgUnit>
         		&lt;/OrgUnit>
         	&lt;/Affiliation>
      	&lt;/Author>
	&lt;/Authors>
   	&lt;Editors>
	&lt;/Editors>
    &lt;Publishers>
        &lt;Publisher>
            &lt;DisplayName>Massachusetts Institute of Technology&lt;/DisplayName>
            &lt;OrgUnit />
        &lt;/Publisher>
    &lt;/Publishers>
    &lt;License>http://dspace.mit.edu/handle/1721.1/7582&lt;/License>
    &lt;Keyword>Center for Real Estate. Program in Real Estate Development.&lt;/Keyword>
   	&lt;Abstract>U.S. commercial real estate debt capital market is experiencing some underlying structural changes. New regulations in banking and CMBS industry have resulted in reduced roles of these regulated lenders in the commercial real estate financing market. Funding gaps appear in the market as regulated lenders pullback from various types of lending. This paper delivers a comprehensive and most updated analyses on the current U.S. commercial real estate debt capital market opportunities and investment strategies. The paper illustrates the current debt capital market landscape, summarizes the key regulation changes that created challenges for regulated lenders, identifies the current dislocations and opportunities in the U.S. commercial real estate debt capital market, analyzes appropriate investment strategies that can capitalize on these opportunities, and finally identifies target investors for each strategy. This paper takes the angles of both investment managers and institutional investors, as it provides insights and analyses for both audience groups.&lt;/Abstract>
	&lt;Access xmlns="http://purl.org/coar/access_right" 
    >
    &lt;/Access>
&lt;/Publication>
</dim:field>
</dim:dim>
</metadata></record></GetRecord></OAI-PMH>