Along with our industry-leading survey of fixed-rate senior loans (G-L 1), we have developed an index (G-L 2) to measure high-yield commercial real estate debt, such as second mortgages, mezzanine loans and preferred equity.
The Index's components are fixed-rate commercial mortgage loans held on balance sheets of institutions such as life insurance companies and pension funds.
Index returns are a market-value-weighted blend of office, apartment, retail, industrial, lodging, mixed-use and other miscellaneous property types.
Index performance tracks senior loans only; it does not include construction loans, mezzanine and other subordinate instruments and bridge loans made by such institutions.
Tracking investment results produced by private market debt investments in commercial real estate within the United States.