NEW YORK CITY—The end of the recession brought optimism to most corners of the commercial real estate industry, including the secondary markets, says Bank Assetpoint senior managing director Richard Walter. He tells GlobeSt.com about how the downturn had a lasting impact on this area—creating a niche for companies willing and able to pick up the pieces and put them back together—in this EXCLUSIVE video.

“A lot of the focus today is on performing debt, growth and opportunities that can make money,” he says. “A lot of the distressed debt and properties have been dealt with already.”

However, Walter notes, the downturn created the need for a company to bring together multiple parties in the secondary market space. “A lot of the networks that were in place in the secondary markets prior to the recession are broken now. Relationships have changed and the ownership of banks has changed, so there's a need to bring new parties together and non-bank financial institutions have come up so we're gaping those relationships. There are products the non-bank institutions are creating that banks could participate in, and vice versa.”