The COVID-19 pandemic has caused havoc and pain in the real estate sector, hitting retail and hotel assets the hardest, according to data from Real Capital Analytics.
"The vast majority of the distress that appeared was related to retail and hotel properties," the report said. "Together, retail and hotel assets accounted for over 90% of all distress during the second quarter."
In comparison, the report showed, industrial fared very well, accounting for less than 1% of new distress.
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Robert Storace
Robert Storace covers legal trends, lawsuits and analysis for the Connecticut Law Tribune. Follow him on Twitter @RobertSCTLaw or reach him at 203-437-5950.
