🤑 Investors Feast on Fire-Sale Bargains
Grab your slice of the market pie!
The multifamily real estate sector is grappling with a surge in distress, witnessing an alarming 185% increase in delinquencies.
With big cities sending out distress signals, the commercial market is entering a phase where opportunistic buying is becoming the norm.
This aligns with actions taken by major players such as Simon Property Group, which is rapidly offloading properties to avoid sinking under their debt.
Passive Cash-Flowing Properties
Buy shares of investment properties, earn rental income & appreciation for anywhere from $100 to $20k — let Arrived take care of the rest.
Their strategy to downsize and adapt to the increasing preference for digital shopping highlights a broader trend in the real estate industry of reevaluation and strategic retreat.
In NYC, large institutions like NYU and Mount Sinai are making bold moves, acquiring office spaces at bargain prices, revitalizing a market dampened by the pandemic.
On the other coast, in LA, the chase for Class A office spaces is on, with tenants prioritizing newer, more appealing setups to attract employees back from remote work.
In this edition of the AltReports:
😮Distress Dynamics
🚪 Commercial Crisis
🏬 Mall Meltdown
💰 Office Opportunists
🔄 Tenant Turnover
Video of the Week: Phase 2 of the Commercial Real Estate Crisis is Here
Chart of the Week: Where Investors are Getting the Best Prices
Podcast of the Week: Want A "Time Machine" to Better Real Estate Deals?
Multifamily Distress Leaps 185% As Delinquencies Pile Up
In the multifamily real estate world, distress is up a staggering 185%.
Property owners are watching their investments turn into nightmares, with distressed assets ballooning to $20.7 billion in just a year.
High interest rates and economic squeeze are the villains here, setting the stage for a feast of fire-sale properties and frenzied investor interest.
Top 10 States with the Largest Number of Commercial Foreclosures in June 2024
Commercial real estate is hitting the foreclosure jackpot, especially in hotspots like California and New York.
The number crunchers at ATTOM have tallied a disturbing rise in commercial casualties.
Big city distress signals are flashing, and the advice from the pros? Keep your eyes peeled and wallets ready.
Simon Property Group is ditching malls faster than last season's fashion.
They’ve handed over Great Lakes Crossing Outlets to dodge a debt disaster.
This retreat is part of a bigger strategy to slim down and survive the digital shopping onslaught.
Occupiers, Conversions, Bloomberg Give NYC Office Sales Market A Boost
NYC's office market is bustling again, but this time, it’s the tenants and universities leading the charge.
They're snatching up office spaces at pandemic-sale prices, turning market lemons into lemonade stands.
While cautious investors hover, institutions like NYU and Mount Sinai are diving headfirst into prime deals.
As Distress Reigns In Downtown LA, Tenants Keep Checking Their Landlords' Books
In LA, office tenants are ditching the old and sprinting towards swanky Class A spaces.
CBRE’s latest reveals a stampede towards quality, with the cool kids moving to newer, nicer offices to lure back remote workers.
Downtown’s losing tenants to glamorous locales like Santa Monica, proving even in real estate, it’s all about keeping up appearances.