Rising rents are putting pressure on Americans who were already facing eviction, according to The New York Times. After 18 months of efforts, Hudson’s Bay company successfully modified a CMBS loan on a portfolio of Lord & Taylor and Saks...
“This feels like they bought way too many homes and they’re trying to work off that excess supply,” said Jonathan Miller, president of appraisal firm Miller Samuel.
The disruption caused by the pandemic made off-market transactions more attractive for both investors and potential sellers.
