Approach
Key Benefits
- Team and Platform: 40+ real estate professionals, part of broader Voya Fixed Income platform that provides deep macro, credit, and securitization market insights, manage over $12 billion of portfolios consisting of over 1,100 loans and 1,800 properties
- Risk-Adjusted Return Potential: Consistent, large scale market presence creates substantial flow of attractive core, core plus and opportunistic deals
- Tailored Approach: Ability to co-invest with affiliated Voya Financial entities, customize portfolio based on individual client needs such as duration, credit risk, leverage, and capital. For insurers, we have a deep understanding of industry-specific needs including ancillary support requirements
Performance
Performance
As of 9/30/19 | 1 Month | 3 Month | YTD | 1yr | 3yr | 5yr | 10yr | Since Inception (1/01/00) |
---|---|---|---|---|---|---|---|---|
Composite Gross | 0.37 | 1.18 | 7.32 | 10.74 | 5.14 | 5.37 | 6.49 | 6.53 |
Composite Net | 0.35 | 1.11 | 7.12 | 10.48 | 4.89 | 5.12 | 6.24 | 6.28 |
Index* | -0.82 | 2.93 | 12.27 | 12.58 | 3.96 | 4.53 | 5.23 | 5.71 |
Gross Excess Return | 1.19 | -1.75 | -4.96 | -1.84 | 1.18 | 0.84 | 1.26 | 0.83 |
* Bloomberg Barclays U.S. Corporate A Index
Past performance does not guarantee future results.
Periods greater than one year are annualized. Performance data is considered final unless indicated as preliminary. Monthly performance is based on full GIPS Composite returns. Access the GIPS page for full composite details.
The Composite performance information represents the investment results of a group of fully discretionary accounts managed with the investment objective of outperforming the benchmark. Information is subject to change at any time. Gross returns are presented after all transaction costs, but before management fees. Returns include the reinvestment of income. Net performance is shown after the deduction of a model management fee equal to the highest fee charged.
Literature
Voya Commercial Mortgage Loans Strategy Brief
Q3 2019
Includes Investment Commentary
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Voya IM Fixed Income Profile
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Fixed Income Capabilities Guide
Voya exploits alpha opportunities across the fixed income spectrum, with differentiated capabilities beyond traditional sectors.
Approved For: Qualified Institutional Investor Use Only
Commercial Real Estate Marco Market Update
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Investment Team

Gregory Michaud
Head of Real Estate Finance
Years of Experience: 30
Years with Voya: 24

Christopher Gorman
Head of Real Estate Portfolio Management
Years of Experience: 24
Years with Voya: 4
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Investments in commercial mortgages involve significant risks, which include certain consequences as a result of, among other factors, borrower defaults, fluctuations in interest rates, declines in real estate values, declines in local rental or occupancy rates, changing conditions in the mortgage market and other exogenous economic variables.
All security transactions involve substantial risk of loss. The strategy will invest in illiquid securities and derivatives and may employ a variety of investment techniques such as using leverage, and concentrating primarily in commercial mortgage sectors, each of which involves special investment and risk considerations.