Multifamily developments in the Sun Belt are next in line for CRE pain after offices predicts Carson Block, chief executive officer of short-seller Muddy Waters Capital.
“A lot of multi-unit residential in the US — particularly in the Sun Belt — is in trouble,” Block told Bloomberg in an interview. “That’s the shoe that hasn’t really dropped yet, but that we think will.”
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 contentNOT FOR REPRINT
© 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.
