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The gap represents almost a quarter of all office debt that originated between 2017 and 2023.
The Federal Reserve thinks things are generally moving in the right direction.
If implemented as proposed, the results could cut 2% to 3% from S&P 500 earnings per share.
Not surprisingly, office was at the head of the pack.
It projects originations to reach between $370 billion and $380 billion this year.
But the bond market seems standoffish on the Treasury's yield pledge.
January’s lower-than-expected numbers were enough to make the Fed wary.
They could disrupt supply chains and affect the economy, echoing pandemic problems.
Serial correlation in property returns masks risks from private CRE equity.
The total market size of the software is about $6 billion globally.