Now that the economic picture is becoming less cloudy and there is a clear path to vaccine distribution, there is more insight to be gleaned from the updated servicer appraisals that started to trickle in last month, according to Moody's Analytics REIS.
REIS examined the servicer commentaries. Although a mixture of forbearance and foreclosure was mentioned, it found that there was a clear leaning towards forbearance on lodging properties versus a leaning towards foreclosure for retail.
"These comments and data support the economic narrative that while hotels have a better chance of 'returning to normal' over the next few years, retail is going through a structural change," according to REIS.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
