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Ranks of Nonbank Lenders Growing with Launch of Three New Real Estate Finance REITs

Not one but two Wall Street sharpshooters have announced plans to sponsor new commercial mortgage-focused real estate investment trusts, seeing opportunity in the growing demand for nonbank lenders from real estate investment borrowers. Just as private equity firm KKR & Co. (NYSE: KKR) yesterday officially launched its initial public offering for a new commercial real estate finance REIT, one of its competitors, global alternative funds manager…

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