https://www.bloomberg.com/news/articles/2024-08-31/landlords-face-a-1-5-trillion-commercial-real-estate-maturity-wall

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Landlords Face a $1.5 Trillion Commercial Real Estate Maturity Wall

  * Over $80 billion of multifamily assets are at risk of distress
  * More lenders are submitting offers to refinance debt: JLL

Apartment buildings, which make up about 40% of the looming
maturities, are at the center of the refinancing wave.

Apartment buildings, which make up about 40% of the looming
maturities, are at the center of the refinancing wave.

Photographer: Yuki Iwamura/Bloomberg
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By Neil Callanan and Scott Carpenter
August 31, 2024 at 3:00 PM EDT
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Landlords for offices, apartment complexes and other commercial real
estate have $1.5 trillion of debt due by the end of next year, and
about a quarter of that borrowing could be hard to refinance,
according to Jones Lang LaSalle Inc.

The value of buildings has broadly dropped after higher interest
rates boosted funding costs for property owners. Those lower
valuations make it harder for landlords to borrow as much, forcing
many property owners to raise equity capital to secure new debt or
extend their existing facilities.

 
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