“We are being patient with our capital, but we expect the pace of investment to increase over the next 12 months as opportunities present themselves,” said CEO Bruce Flatt.
Whistleblower allegations may prompt investors to scrutinize securities offering documents.
There lies an opportunity for investors where lenders prefer to sell off their debt rather than continue to try to work things out with borrowers.
Some segments of the market, such as smaller, drive-to leisure hotels, have seen an uptick in demand. Others continue to struggle.
Industry groups have responded to a proposed bill that will help distressed CMBS borrowers remain current on their loans.
Simon’s and Brookfield’s investments in bankrupt tenants are relatively small. But the deals can give them critical control of the real estate involved.
Investment sales of U.S. commercial properties fell by 68 percent year-over-year in the second quarter, according to RCA.
With forbearance periods still underway, visibility has not yet emerged on how much distress sits on bank balance sheets.