October 16th – In the Blocks

What I’m Reading In the Blocks: Conditions are perfect for distressed debt funds – which usually perform well during certain economic conditions, including when monetary conditions have been dramatically eased and when high-yield debt issuance is high. This according to a report on crisis-era distressed debt returns by Julian Falcioni at...

October 12th – Hanging On

What I’m Reading Hanging in There: After showing signs of deterioration when enhanced UI ended, the NMHC Rent Payment Tracker is – remarkably – at exactly the same level that it was at in 2019 for the first week of October.  NMHC  The Great Divide: Pricing expectations between sellers and buyers have continued...

October 9th – Long Shadows

What I’m Reading Long Shadows: Office distress has yet to really materialize.  However, the risk of loan maturitites and major tenant lease expirations are casting a shadow over the sector.  Roughly $27.7B of the $145B CMBS office loans Trepp tracks are set to mature by 2022. What’s more, nearly 35% of...