Bank Crisis Adds a Fresh Crack in Property’s Foundations
Tippett’s Snippet:
There is roughly $3.2 trillion in outstanding commercial mortgage debt to which 50% of that is coming due in the next 24 months. Increased interest rates, tightened lending and an increase in cap rates does not bode well for valuations.
Click here for full original article, March 16, 2023 on WSJ.com