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Commercial RE crisis far from over https://t.co/QqxojIUdlr
Real estate investors are being wiped out in bets fueled by Wall Street loans, per Bloomberg. Distress in CRE CLOs reached a record 8.6% in April, according to data provider CRED iQ, and creation of new CLOs is roughly 90% lower so far this year than in 2022.
John Sweeny, Co-Head of Senior Housing Capital Markets for @CBRE, sheds light on how senior housing cap rates compare with the overall #multifamily sector. Watch the full conversation with CBRE's Kelli Carhart: https://t.co/W553giCgxP https://t.co/Lout5lcNQB
The commercial real estate market is experiencing distress due to assumptions made during underwriting processes. Experts highlight the impact of US interest rates and the challenges faced by office properties. Real estate investors are facing significant losses, with distress in CRE CLOs reaching record levels.
