As banks work to reduce their commercial real estate exposure and the Federal Reserve keeps rates at an elevated level, executives are now eyeing the outcomes of loans sales and what they could mean for the market.
“There are a lot of zombie banks out there at this point, regional community banks have got significant overexposure to real estate, significant overexposure to office. And the market, I think, is waiting for the pricing signals,” Nishant Nadella, managing director at 3650 REIT, said… Read the full story here. | | |