The Hidden ‘Double Whammy’ Facing Owners Who Hand Buildings Over To Lenders
American Apartment Owners Association
DECEMBER 12, 2024
That equates to 70 deed-in-lieu transactions spanning office, industrial, multifamily, hotel and retail properties in the first quarter, following 93 properties handed to lenders in the last three months of 2023. At the end of last year, that percentage skyrocketed to 46%. In the first quarter, the rate was 41%.
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