The reality check will start to hit in the coming weeks as lenders across Europe get results of year-end appraisals.

Distress levels in European real estate are at the highest in a decade, in part because of a decline in liquidity.

Overall volume has slowed and some entities have switched gears from buying properties to acquiring real estate platforms and operating companies.

Real estate investment vehicles overseen by KKR and Blackstone have come under pressure in recent months as investors requested their money back beyond limits set by the funds. Blackstone Real Estate Income Trust and Starwood Real Estate Income...

The fund has had only one other losing month since its inception in 2019, according to its disclosures. Despite the weak results to end the year, Brookfield REIT still gained 12.7% in 2022. The $2.4 billion fund holds apartment buildings, offices...