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Capital Markets

Where Transactions and Capital Structure Meet

Our capital markets practice advises owners and investors on dispositions, acquisitions, and the full spectrum of debt and equity capital - underwritten with the same discipline institutional buyers expect.

Capital Markets Services

Each assignment is led by a Managing Principal from underwriting through close. We scope the engagement to the asset, the capital stack, and the ownership objective.

Investment Sales

Single-asset and portfolio dispositions across major property types. Marketing processes designed to create competitive tension among qualified buyers.

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Debt Placement

Sourcing senior, mezzanine, and bridge financing across banks, life companies, debt funds, and specialty lenders.

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Equity Placement

Introducing joint-venture and preferred equity partners for acquisitions, recapitalizations, and development stacks.

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Structured Finance

Recapitalizations, note sales, and complex capital stacks across multiple capital sources and risk layers.

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Portfolio & Note Sale Advisory

Advisory on portfolio dispositions and note sales for lenders and special servicers.

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Underwriting & Valuation

Institutional-grade underwriting, market analysis, and broker opinions of value.

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Capital Markets Move in Cycles - Positioning Matters

Transaction volume and capital availability move together across the cycle. We help clients position assets and capital stacks for the phase they are in.

Trough

Selective capital, opportunistic buyers, stressed assets, wider spreads.

Recovery

Improving liquidity, returning institutional appetite, narrowing bid-ask.

Expansion

Strong volume, competitive bidding, accessible leverage, tight pricing.

Peak

High valuations, aggressive underwriting, late-cycle risk management.

How a Capital Markets Engagement Runs

  • Underwriting - Financial analysis, market positioning, and valuation range before going to market.
  • Marketing & outreach - Targeted outreach to qualified institutional and private capital sources.
  • Negotiation - Structuring terms to protect ownership objectives through signed agreement or committed capital.
  • Diligence & close - Coordination through due diligence, financing contingencies, documentation, and closing.

Illustrative Allocation of Advisory Effort

Illustrative process weighting for a typical investment sales or capital placement engagement.

Underwriting & Strategy
~25%
Outreach & Marketing
~30%
Negotiation
~25%
Diligence & Close
~20%

Credit and Rate Context (Public Data)

Commercial Real Estate Loans, All Commercial Banks

$3,139.4B
As of 2026-09-01
Billions of USD

Source: FRED / Board of Governors (H.8). Series CREACBM027NBOG. Unit: Billions of USD. Observation as of 2026-09-01. Data fetched 2026-10-30 (America/Phoenix).

Federal Funds Effective Rate

3.75%
As of 2026-09-01
Percent

Source: FRED / Board of Governors. Series FEDFUNDS. Unit: Percent. Observation as of 2026-09-01. Data fetched 2026-10-30 (America/Phoenix).

Commercial and Industrial Loans, All Commercial Banks

$2,959.1B
As of 2026-09-01
Billions of USD

Source: FRED / Board of Governors (H.8). Series BUSLOANS. Unit: Billions of USD. Observation as of 2026-09-01. Data fetched 2026-10-30 (America/Phoenix).

For broader research context from industry platforms, see public insight hubs at NCREIF, CBRE Insights, and JLL Insights. Figures cited are drawn from the public sources noted.

Capital Stack

Understanding the Capital Stack

Select a layer to see how each source of capital is typically used.

Illustrative structure for discussion. Actual terms vary by asset, sponsor, and market conditions.

Boardroom with city views
Sale, debt, and equity - one advisor
Integrated Advisory

When sale, debt, and equity decisions interact

The right answer on one often depends on the others. We map the options across sale, financing, and recapitalization before recommending a path.

Have a Capital Markets Need?

We respond directly - typically within one business day.

Contact Us (520) 600-7004