Wave Of Distressed CRE Loans Reaches $64B, With Retail, Office Hardest Hit
June 22, 2023 | Dee Stribling | Bisnow
The long-anticipated wave of distressed CRE assets is closer to realization, with total distressed assets coming in at $64B during Q1 2023, Bloomberg reports, citing a new report by MSCI Real Assets.
The first-quarter total represents a 10% rise from the previous quarter. Moreover, nearly $155B in CRE assets are now at risk of distress, according to the report.