Institutional Inevestor (September 27)
2023/ 09/ 29 by jd in Global News
“For the past year, the prevailing narrative in the commercial real estate market is that the staying power of the hybrid work model — and the failure of several prominent real estate lender banks — has caused valuations to tumble.” In contrast, Willis Towers Watson is protesting “the death of commercial real estate has been overblown.” For starters, the vacancy issue has mainly affected “office space, rather than other commercial real estate subsectors.” Moreover, the dreaded “wall of maturities” that will sink the commercial real estate market is a myth. While many commercial real estate loans are “maturing this year, there are mechanisms to get around potential defaults, including loan extensions.”
Tags: Loan extensions
