Investors should avoid a ‘wait-and-see’ approach to the unfolding financial turmoil, says Kevin Tatro, Trimont’s managing director of special servicing
Greystone arranged the financing package for 1057 Atlantic Avenue.
The Boston-based manager still sees difficulty lining up debt for most projects.
One-third of the maturing loans were made by CMBS lenders a decade ago; the report also finds transaction volume in February plunged from the previous year.
Increasing volatility has made REIT earnings less of a clear window into broader market valuations.
While there has been recovery in the retail and lodging sectors, challenges remain.
C-PACE financing continues to gain momentum, while the office sector appears to be approaching crisis.
Managing risk across cycles is both about following trends and analyzing how macro and micro issues affect individual properties and markets, says Ted Wright, an executive managing director at Trimont.
REIT chief executive predicts more distress, refinancing creativity and preferred equity use.
SVB fallout is ‘not comparable’ to regional banks' commercial real estate debt exposure, says Fed chair Jerome Powell.