Commercial real estate ‘next shoe to drop’

 That’s a warning from Scott Kleinman, co-president at Apollo Global Management, in remarks to the Financial Times published Tuesday. Kleinman noted that the private market hasn’t yet to started to heavily mark down commercial real estate.

But there are signs of stress. Issuance of commercial mortgage-backed securities, or bonds sold by Wall Street banks to finance commercial buildings, has fallen by about 83% so far this year to $9 billion, according to Deutsche Bank research.

https://www.marketwatch.com/story/commercial-real-estate-next-shoe-to-drop-for-bruised-lenders-apollos-kleinman-3df8445

remarks to the Financial Times published Tuesday. 

https://www.ft.com/content/a77695ac-a516-4654-8e0f-5aeb4f4fff71

Commercial Real-Estate

https://englundmacro.blogspot.com/2023/04/commercial-real-estate.html