Record number of retail properties on Distressed List, according to recent report

According to the attached article, Real Capital Analytics reported that $24.3 billion in retail properties have been identified as “distressed”, up from $7 billion 12 months ago.  Does this national trend mirror your own market?  We know that the retail sector has been the most volatile, given the lower earnings that have been posted by most retailers over the previous 24 months but aren’t we starting to see earnings and profits start to rebound?  Is this just a case of “too little, too late”?  Something else to think about:  To what extent will hedge funds play a role in how lenders will deal with these properties?  The article further states that many lenders are being pressured to get these loans off of their balance sheet which has led to an increase in note sales.  Perhaps it’s time to check in with the lenders in your market once again.

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