Over the past three or four years, there has been a shift from acquisitions to lending among real assets investors. Commercial real estate prices increased starting in 2008 when acquisitions of both residential and commercial real estate were quite high. The shift from acquisitions to lending to real asset owners/investors in need of capital is fast becoming a new trend. Lenders are able to earn on the interest of the loans rather than commit to an asset—particularly commercial which has seen a drop in value. That drop has been most dramatic during the pandemic, although the decline was beginning prior to March 2020. Investors who may have diminishing values in their real estate portfolio can turn to private capital to provide needed liquidity—particularly during the recent volatility in the market.