We’ve been hearing a lot about the financial stress and loan failures in the commercial real estate world for the past couple of years. It does seem to be accelerating and spreading. Now there are signs that the much vaunted multi-family asset class is showing signs of increasing distress.
Multi-family distress reached 5.71% reaching a nearly 9 year high according to GlobeSt. This is still better than the 11.91% distress in Office according to CRE Daily on multi-family distress.
Photo was taken from Shashankh Aryal’s LinkedIn post about multi-family distress in Dallas, TX. 3930 Accent Drive in Far North Dallas, TX. Follow him for lots of information about distressed commercial assets.