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The largest share of the apartments are going to LRE.

The refinancing frees up capital for the real estate firm.

For the next 50 days, cap rates and interest rates may align to clear the market.

"I think it gets worse before it gets better."

But the Fed's rate reduction may not have an immediate impact on property values.

Office lease sizes are decreasing as occupiers adjust to hybrid work.

Home builders appeared to be slightly more optimistic about the market for single-family homes.

While climate risks don't impact every market the same way, they are driving up premiums in hurricane-prone regions.