Distressed Real Estate Reaches $114B
Tuesday, August 25, 2009
Source: GlobeSt
GlobeSt reports: The total value of distressed commercial real estate reached $114.2 billion in August, according to the latest issue of the quarterly Distressed Commercial Real Estate Journal. The journal is published by the Distressed Asset Recovery Team--a consultancy formed earlier this year by Beers and Cutler, Delta Associates, Fore Consulting, and BlackwellAdvisors--and uses data provided by several firms including Real Capital Analytics.
The picture the report paints, of course, is hardly pretty: retail properties continue to be the largest asset class under distress at $32.7 billion this month, compared to $29.7 billion in June. Indeed, in general every product type recorded an increase with hotel properties increasing the most, by 65%, to $18 billion.
View the full article on GlobeSt: Distressed Real Estate Reaches $114B
Articles related to this topic:
Seattle Area Tops U.S. In Share Of Troubled Real Estate Loans
ALM's Real Estate Media Group Launches Distressed Assets Investor
Posted by: Nina Turner