AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Diversification in the Real Estate Sector
Mortgage Bankers Association estimates about $728 billion of that $4.5 trillion or 16% will mature in 2023. With banks pulling back on lending and with some of these office buildings worth less than they were when the loan was taken out, that puts some stress in the sector. If you're a office real estate investment trust focused on New York, primarily like Vernado, then it's been a tough environment.