Since inception Colony has invested $48 billion in over 19,000 assets/loans and has ~$25 billion of assets under management (gross) on behalf of over 250 institutional investors.Through the identification of supply-demand source imbalances in capital, product types and information availability, Colony achieves attractive risk-adjusted returns by investing in real estate and real estate-related debt investments, non-performing loans, distressed assets, real estate-dependent operating companies, and select commercial and residential development opportunities throughout the world.

I reject the premise that Big institutions have an advantage.

The economics are not there for the arts.The 501 c 3 non-profit art sector was lobbied for and instituted by the likes of Rockefeller, Carnegie, and Mellon.

I am an accounting professional who works in risk management for a large private banking institution.

HOWEVER, most FHLMC/FMNA / SECONDARY MARKET institutional lenders require that the originator have the NMLS endorsement for ANY 1-4 family loan, whether or not the loan is for consumer purposes, so many people think that is the law, which it's not.I believe that 90% of the people in the lending industry aren't aware of this distinction.

I'm sure your refinancing institution will let you know.Just to give you some heads up.

I have worked with both large Reits and private equity real estate (PERE) as a broker, from what I know REITS are more institutional in their structure and in the properties they invest in, and are SEC regulated, whereas , PERE can be smaller, more nimble, and operate a little more "off the grid" so to speak relative to REITS.

Now I understand in this exact example, the best case scenario would be to simply finance the property with an institution on a 30yr fixed loan.

Typically, institutional investors have larger amounts of capital to deploy therefore, the trades are bigger.

Professionally, my interest was specifically bond- tax free munis, fannie, freddie and higher yielding corp. stuff- nobody but institutions do that kind of biz these days.