Commercial Property Executive Examines Whether the CRE CLO Run Can Continue

Feasibly founder and CEO Brian Connolly was featured throughout a Commercial Property Executive article examining the state of commercial real estate debt markets in 2026. Connolly, who leads the AI-powered platform that provides market and financial feasibility studies, offered the article's central read on why capital is moving the way it is.

His core point: capital is active again, but it is being selective about risk. Connolly explained that investors are drawn to structures like CLOs because they pool loans in a way that lets risk be diversified, priced, and sold across different investor profiles, and that the same logic is helping CMBS recover. The deeper test, he noted, is at the asset level, where each loan still depends on the strength of the underlying real estate.

Connolly framed the takeaway simply: securitization works best when it combines diversification with strong underlying collateral, and pooling can reduce risk for investors while leaving weak project economics unchanged. He pointed to asset classes with clean fundamentals, including multifamily, industrial, select retail, strong-market hospitality, and data centers, where demand is easier to measure and cash flow is easier to underwrite.

The article placed his commentary alongside data on rising CRE CLO and SASB CMBS issuance, using his analysis to explain the discipline behind the numbers.