By normal standards, property deals just aren’t getting done. There’s a gap in expectation between what sellers expect to get and what buyers are willing to pay. Yet valuations are slipping in the office and retail sectors in particular, and the feeling is they have farther yet to fall.
So, the buyers and sellers wait. How long can the situation last? And will asset owners be rewarded for what a pessimist would call procrastination, and an optimist would see as patience?
To find out more about CRE loan read "To sell or not to sell?" by Alex Frew McMillan in the February 2024 issue of Institutional Real Estate Americas, here.
