Monday, June 26, 2023

CRE: Distressed ]Under-Valued] Commercial Real Estate Assets Across US Reach $64B in Q1’23

 

Report: Troubled Commercial Real Estate Assets Across US Reach $64B in Q1’23

Wave Of Distressed CRE Loans Reaches $64B, With Retail, Office Hardest Hit

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The long-anticipated wave of distressed CRE assets is closer to realization, with total distressed assets coming in at $64B during Q1 2023, Bloomberg reports, citing a new report by MSCI Real Assets.

The first-quarter total represents a 10% rise from the previous quarter. Moreover, nearly $155B in CRE assets are now at risk of distress, according to the report. 

CNBC: Carlyle’s David Rubenstein Sees Discounted Real Estate Debt ‘Biggest Opportunity Over the Next 2 or 3 Years’

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Believe it or not > This is severa degrees above the daily "normal" for summer temperatures...remainder of the week a degree or two warmer :)

  US National Weather Service Phoenix Arizona   t͏ o͏ r͏ o͏ S͏ d͏ n͏ p͏ e͏ s͏ 5͏ 3͏ 8͏ c͏ u͏ 5͏ a͏ 6͏ 1͏ t͏ f͏ 2͏ c͏ 6͏ m͏ g͏ 4͏ u͏ i͏ 1͏ 5͏...