Distress: The Waiting Game
Wednesday, September 02, 2009
Source: GlobeSt
GlobeSt reports: For the third month in a row, acquisitions of office properties increased in July, albeit modestly. However activity remains muted and sales of distressed properties, expected to be the catalyst to re-energize investment, have yet to materialize in earnest. There is no shortage of distress--$17.4 billion of office properties are known to be in trouble, according to Real Capital Analytics’ August 2009 Month in Review report, but lenders are in little rush to foreclose.
View the full article on GlobeSt: Distress: The Waiting Game
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