The TreppWire Podcast: A Commercial Real Estate Show 345. Appraisal Sector Shakeup, Lodging Capex Crunch, Multifamily Planned Liquidation & Expansion to Industrial
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Aug 8, 2025 This week, the hosts dissect recent weak labor data and its lingering impact on Fed rate cut expectations. They delve into the turmoil in the appraisal industry, spotlighting demographic hurdles. In the lodging sector, they unveil a troubling trend of pandemic-era underinvestment linked to rising loan delinquencies. The multifamily landscape sees a notable portfolio liquidation, while innovative moves in industrial real estate highlight shifting market dynamics. Get ready for an insightful look at mixed-use acquisitions and the future of real estate!
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Appraisal Industry Faces Demographic Crisis
- The appraisal industry faces a demographic crisis with many appraisers nearing retirement age.
- Rigid licensing and outdated tech disincentivize new talent, risking appraisal quality and market disruption.
Lodging Delinquencies Linked To CapEx
- Lodging loan delinquencies peaked during COVID but have mostly declined since then.
- Underinvestment in CapEx correlates strongly with higher delinquency risks in hotels.
High Capital Costs Squeeze Multifamily
- Elmi Communities plans to liquidate its $1.6 billion multifamily portfolio.
- High cost of capital in current market limits growth and squeezes midsize players.