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re: The actual upcoming real estate crisis. CRE loans and vacant office buildings
Posted on 9/26/23 at 9:49 am to Lsupimp
Posted on 9/26/23 at 9:49 am to Lsupimp
I attend a decent amount of pension fund trustee meetings. The investment consultants usually just mumble something about "re-purposing" this inventory for residential property. But, I would think that will take a lot of investment and time. And, it might work in a downtown setting. But, I don't see people living in a suburban office complex.
1
Posted on 9/26/23 at 9:53 am to Bunk Moreland
I had a conversation with a guy who walked me through just the plumbing challenges involved in a “ repurpose” from large commercial to residential units and I understand now why it makes sense to just bring out the wrecking ball.
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