89. CRE Recovery: Judging First-Half 2021 Predictions, Buying Distressed Assets, CMBS Spreads Update

Back in December 2020, The TreppWire Podcast team offered performance predictions for each property type as the return to normalcy began to come into focus. In this week’s episode, we are back to grade the predictions, comparing the delinquency rates for lodging, retail, multifamily, office, and industrial to what we are seeing now. We also dive into a distressed asset trading alert where we explain what it means to buy distressed bonds, how a waterfall works, and why this story is a win for some bondholders. Episode Notes: Economic update: jobs report, eviction moratorium, inflation (0:42) Mixed-bag of delinquency news (5:35) CRE market recovery: reviewing our predictions (9:00) CMBS Spreads (19:17) Distressed Asset Trading Alert (22:10) Must-Knows of the Week: moves and potential vacancies (30:22) Green shoots (33:49) Shoutouts and Deal of the Week (36:08)