Right now, many commercial real estate investors are sitting and waiting for distressed deals.
But a look at the September US RCA CPPI National All-Property Index from Real Capital Analytics suggests they might have to wait a little longer.
The RCA CPPI rose just 1.4% year-over-year in September. To be sure, some investors have taken haircuts. An investor sold the Embassy Suites hotel in Manhattan for an $80 million loss after holding the asset for just 20 months, according to a post by Jim Costello, senior vice president at RCA. But he cautions that "high-profile deals are not the entirety of the US commercial real estate market."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
