DALLAS-The peak of distressed properties has come and gone,according to Gregory Leisch, chief executive officer of DeltaAssociates.
“Our conclusion is that we have reached a plateau in the volumeof distress,” Leisch said during a special address at the2nd Annual RealShare Distressed Assets conference hereat The Adolphus Hotel. More than 350 executives attended theconference, which was produced by ALM-Real Estate Media Group.
“From March 2009 to March 2010, we saw [distress] increase about$10 billion per month,” Leisch noted. “Since then it’s been flat.Therefore, it is our thesis that we have seen the peak.” As moreproof to back up his thesis, he added that this month, for thefirst time, the industry has seen a decrease in construction loandelinquencies.
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