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Podcast: The Best Ever CRE Show
Episode: JF3450: The $1 Billion Question: Will the Money Raised for Distressed Office Be Successful? ft. Brian Pascus
Description: It’s no secret what’s been happening in office real estate across the country since the pandemic. During COVID-19, as work-from-home became ingrained in the American economy, office values plummeted. Now, with $117B in US CRE office debt maturing in 2024 and a 20% vacancy rate (the highest in 40 years), investors with dry powder are preparing to capitalize. And it’s not just Institutional investors who are ready to pounce. According to a recent piece in Commercial Observer, Chad Carpenter, founder of Reven Capital, and Ethan Penner, CEO of Mosaic Real Estate Investors, recently launched a $1 billion publicly traded...