News
RCA: $153B IN DISTRESS
April 30, 2009
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| So, we've heard about all the distress, but what about the numbers? Real Capital Analytics' Monica Wolfson and Jessica Ruderman gave us the latest stats during the REBNY awards Tuesday night. Its trusty troubled assets database points to $153B in distress globally, with $96B in the US. Seven percent of the properties have been resolved, but $6B more globally appear monthly. The upside? There are a lot of domestic and international opportunity funds waiting to pounce. |
