The “denominator effect” put institutions in a position where real estate allocations exceeded target levels, but observers expect that issue has begun to resolve itself as values of other investments have recovered.
Third-party surveys are often relied on for valuation purposes; however, one must be cautious in their use when actual trades in the public market are confirming a value that is substantially different.
The amount of distressed commercial real estate assets rose 10% in the first quarter and now amounts to $64 billion, according to MSCI Real Assets. Some owners are coughing up cash to buy time on their mortgages, reports The Real Deal. These are among the must reads from around the real estate investment world heading into the weekend.
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