A record $300 billion in fundsdesignated to buy distressed commercial real estate assets remainson the sidelines despite plunging commercial real estate valuestied to the COVID-19 pandemic, according to New York-basedEnertiv.
As commercial real estate salesand acquisitions of $2.5 million-plus properties have plummeted 79% since February, stashed billions in "dry powder" forpotential investments will continue to grow while the pandemictakes its course, the commercial real estate data platform'smanagers said.
Reluctant commercial real estateinvestors do have some cautious options if they are willing tothink outside the box. However, those options — to besuccessful — rest on adopting new technologies to enhancerisk mitigation and maximize asset values, Enertiv managerssaid.
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R. Robin McDonald
Daily Report reporter R. Robin McDonald's journalism career includes stints as a staff writer at The Atlanta Journal-Constitution, The Fort Worth Star-Telegram, The Wichita Eagle, and The Anniston Star and as a trial tracker at CourtTV and CNN. She is the author of two true crime books -- Black Widow: The True Story of the Hilley Poisonings and Secrets Never Lie: The Death of Sara Tokars.
