Private real estate investment firm, Rastegar Property Company, like many others generally in CRE, has been seeing pain.
Whether that's high interest rates and demand not keeping up with supply, or fears of recession, there are a lot of uncertainties that remain currently.
|PENT UP DEMAND IN CRE SLOWDOWN
Rastegar, which operates in 13 states and 38 cities, focuses on seven different asset classes from office to industrial – with its core focus on workforce housing. Ari Rastegar, CEO of the Austin, Texas-based firm, said he is seeing what he calls "pent up" demand, meaning there's still hesitancy in CRE – but there's optimism as the Federal Reserve is expected to start cutting interest rates next month.
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