National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Webinar Maps Out Where CRE Distress is Headed
For Argentic Services, the fall of 2023 was “probably our low point” in terms of special servicing workload, CEO Andrew Hundertmark said on a webinar moderated by Transwestern executive managing partner Steve Pumper. “Since then, it’s ramped up substantially, particularly over the first quarter of the year.”
Fellow webinar panelist Jenna Unell, VP and senior managing director – special servicing at Greystone, told a similar story. “Year to date, by count, our numbers are double what we saw in all of 2023.”
Hundertmark, Unell and the other experts gathered for the webinar, “Distressed Property Trends: What’s in Store for 2024/2025,” anticipated further growth in workout volume as the year continues. The panelists focused on where that activity is expected to come from, including a burgeoning strain of multifamily distress as floating-rate loans come due in a market with higher interest rates and rent growth projections that didn’t materialize.
In this 30-minute webinar, you’ll also hear insights from Juan Cueto, managing director and head of real estate asset management at Rialto Capital Partners; and Kevin Semon, director, asset management at SitusAMC. Click here to register for on-demand replays.
- ◦Financing
