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GlobeSt.TV: Extend and Pretend Is Not a Solution

DALLAS-Stephannie Mower knows the dangers of extend and pretend. She lays it all out for John Salustri, editorial director of ALM's Real Estate Media Group. Go to GlobeSt.TV for the full video.

By Amy Sorter | Updated on November 02, 2009

<!– this comment prevents auto wrapping of urls –> Stephannie Mower knows the dangers of extend and pretend. She lays it all out for John Salustri, editorial director of ALM’s Real Estate Media Group. Go to GlobeSt.TV for the full video. Watch the full video at Distressed Assets Investor.

DALLAS-Extend and pretend, or the practice of holding on to a property, hoping that market conditions improve and the asset’s value increases, is not a good strategy, said Stephanie Mower, a Cushman & Wakefield executive director. “I see nothing ahead of us that would support that,” she said during the recent RealShare Distressed Assets conference.

Her take on a recovery taking place any time soon? “I think it’s political propaganda,” she replied. Mower spoke with John Salustri, editorial director of ALM’s Real Estate Media Group. To view the full interview in the Distressed Assets Investor newsletter, click the link below:

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