US may have $106bn of potentially troubled real estate assets
Private Equity Real Estate reports: Already $4.5bn worth of properties in the US have reverted back to lenders as real estate owners struggle to contend with the credit squeeze and the economic downturn. New York, LA and Las Vegas are worst affected areas.
There is more than $106 billion of distressed and potentially troubled real estate assets in the US – with $4.5 billion of property already handed back to lenders, according to new research by data provider, Real Capital Analytics.
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Posted by: Nina Turner