Cracks are starting to appear in private credit. Investors are taking notice. Capital is starting to move and not quietly. After a strong run, private credit is showing signs of strain, and investors are beginning to rethink where they want to be. Funds that once attracted steady inflows are now dealing with rising redemption requests, tighter liquidity, and a noticeable slowdown in fundraising. A big part of the pressure is coming from their exposure to SaaS companies, many of which are no...

Portfolio Highlight The Park @ Santa Maria (184-Units) The Park at Santa Maria delivered stable performance in it's most recent reporting period. The property stands at 91% occupancy, slightly down from 92% due to typical seasonal leasing trends rather than any change in underlying demand. Average rents remained flat quarter-over-quarter, but are 6% higher since acquisition, reflecting disciplined pricing and steady leasing execution. Net Operating Income increased 9% from the prior quarter...

Portfolio Highlight Flats at Leland (126-Units) Flats at Leland closed out 2025 with strong operational momentum as the property completed its transition from lease-up to stabilized operations. The community achieved an average occupancy of 97.3% during Q4, with limited leasing activity due to low unit availability and minimal expirations, reflecting the strength of the asset’s positioning. Even with reduced leasing volume, new leases delivered positive rent trade-outs averaging +6.5%,...