More distress…but things (generally) changed for the better, at least in November. From CRED iQ, a report on November-2023 distress by property type. Distress Up: Retail (9.80%), Industrial (up from 1.80% in October to 4.80% in November). Distress Down: Office (from 10.50% to 9.90%), Lodging, Multi. Distress Same: Self Storage (1.70%). Interesting insight as to how the various property types are doing as we wind down 2023. Of course one month does not make a trend. Most notable to me was the change in Industrial.

 

 

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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