CRE debt market - past, present, future with Stephen Buschbom of Trepp

On this episode of the CRE Exchange podcast, we welcome a special guest, Stephen Buschbom, Research Director of Trepp. Our hosts, Omar Eltorai and Cole Perry, pick Stephen’s brain on a wide spectrum of topics focused on the US commercial real estate debt space. Their discussion covers parallels to past markets, prevalent themes in 2023, predictions on market shifts, performance in 2024, and more.

Key Takeaways:

(03:39) Stephen’s passion for the CRE asset class

(06:54) Background on Trepp

(10:27) 2023’s key CRE debt market themes                                                                        

(11:57) Drawing parallels between today’s market and past periods

(13:11) Breakdown of the CRE debt space

(16:16) Thoughts on what will get transaction activity back up

(19:33) Capital availability over the next 12 months

(20:29) Areas of risk

(21:25) Outlook for 2024

(23:08) Main priority for lenders in 2024

(25:32) CRE debt market performance expectations for 2024

(28:19) How Stephen expects to focus his research in 2024

(30:53) Biggest expected industry changes in the next 3-5 years

(32:06) Expected changes to capital stacks in the next 3-5 years

(33:02) Career tips for young CRE professionals

Resources Mentioned:

Stephen Buschbom -

https://www.linkedin.com/in/stephen-buschbom-36738a64/

Omar Eltorai -

https://www.linkedin.com/in/omareltorai/

Cole Perry -

https://www.linkedin.com/in/coleperry1/

Trepp Website -

https://www.trepp.com/

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#CRE #CommercialRealEstate #Property