CRE Distress

The attached article by Joseph Ori, Executive Managing Director of Paramount Capital Corporation, was published on July 20, 2023 wherein Mr. Ori forecasted a wave of distress coming in CRE. The article goes on to suggest that investors and their capital are beginning to gather with a focus on distressed CRE loans. It’s mid-August as I write this and in the last few weeks I’ve seen numerous articles in CRE newsletters and blogs addressing ‘dry powder’ investors are consolidating with the hope of purchasing distressed notes and assets. The article suggests there will be $90 billion (3,600 assets) in distressedpresenting in the next two years. We’ll see. That’s a lot of real estate and a lot of distress.
Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.
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