I did an interview with the Urban Land Institute the other week to talk about challenges faced in the urban cores of cities as office prices fall and distress climbs. People sometimes think about issues in too linear of a manner and do not consider how price changes spur other activity. Some assets may see prices fall enough to allow offices to be used as … offices. Take a minute to read the article: http://ms.spr.ly/6049qZVZN #CRE MSCI
Not surprised to see but this is very helpful for a piece I'm doing for a client, Jim Costello. Great breakdown!
CRE Analyst
5d
Does an 85% LTV, floating rate multifamily loan qualify as “distress”?
Providing real estate investors with above market returns for 35 years. | Unlocking asset value and boosting returns in multifamily and commercial properties. | Founder & CEO at StarPoint Properties.
5dThe challenges in urban cores are undeniable, but as you pointed out, price changes often spark creative solutions. The potential for offices to return to being offices—or even to transform in unexpected ways—presents unique opportunities. It's important to think outside the box and look at the broader shifts in the market. Excited to dive into the article!