4min chapter

Odd Lots cover image

What Commercial Real Estate Stress Means for Banks and Bond Funds

Odd Lots

CHAPTER

The Implications of the Extended and Pretending Strategy for Income Deterioration

The old extended and pretend strategy just won't work in the current environment. We track distressed asset sales and we don't have a lot of distressed asset sales yet. The folks who have been buying these properties so far are local developer, owner, operator types. That tells me that the distress is really more fundamental distress.

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