Distressed-Asset Volume Slows in September

NEW YORK CITY-The good new is that the industry is seeing a decrease in volume of distressed assets on the landscape. The bad news is that there’s still a whole lot of distress out there.

The total number of distressed properties increased just 1% in September, the slowest rise seen so far this year, according to research firm Real Capital Analytics. However, that 1% still accounts for $5 billion of assets, bringing commercial real estate’s total to a monstrous $138.2 billion.

Says RCA’s report: “The apparent slowdown does not mean that a peak has been reached; monthly volume can fluctuate in the event of a corporate-level bankruptcy or the failure of a large asset portfolio.”