06
Dec
Panel: Likely-to-distress in commercial real estate
US banks highlighted concerns about commercial real estate and specifically offices earlier in the year as an area of growing concern. This is as property values are falling and there more defaults on loans amid rising interest rates and economic challenges. Many borrowers have been forced to refinance or restructure to avoid a default. Commercial office space in key states such as California saw an average office vacancy rate of 21.6% in the first quarter of 2023. Panellists will discuss:
- What strategies are borrowers taking to refinance and restructure loans to avoid bankruptcy? How are investors reacting to these tactics?
- What are the opportunities for distressed investors? How many more distressed situations will reach bankruptcy?
- What opportunities are there for vacant offices such as empty property mitigation services?
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SpeakersMatthew Bordwin Principal and Managing Director Keen-Summit Capital Partners LLC
Natalia Sosnina Head of Acquisitions TERRA STRATEGIES
Richard J. Shinder Founder & Managing Partner THEATINE PARTNERS
Alex Horn Managing Partner & Founder BRIDGEINVEST
Greg Corbin President NORTHGATE REAL ESTATE
Jennifer Feldsher Partner MORGAN LEWIS
Andy Serbe Senior Legal Reporter DEBTWIRE
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