Another day, another set of companies interested in the potential that CRE distress might offer. Atlanta-based real estate investment platform CARROLL Credit is working with institutional partners to pull together $250 million for structured capital investments in multifamily primarily found in the Sun Belt.

That region as well as the West have been seen by the industry as fertile grounds for profits, given shifts in demographics and businesses moving to the areas. Those changes have directly and indirectly driven demand for housing. As is true elsewhere in the country, costs of buying a house, compounded by rising mortgage rates, have pushed many people firmly into the arms of rental living.

But it's easy to misapprehend the situation. Talking of the Sun Belt market in particular, David Lynd, CEO of the Texas-based Lynd Group, who has acquired and developed real estate there for 40 years, previously told GlobeSt.com, "It's divided into a lot of different submarkets like Arkansas, Oklahoma, Texas, Florida. It is not a one-size-fits-all solution. The bottom line is they're having their 'day in the sun.' We love the Sun Belt, we love everything it represents, but this pandemic certainly threw gas on the fire and accelerated markets into a big population boom."