Opportunities abound in commercial real estate despite a challenging interest rate and financing environment, according to one CEO — but “you have to look for the dislocation.”

“The last three months, we’ve seen a significant pullback in liquidity — but that also creates opportunity,” Scott Rechler, CEO and chairman of RXR Realty, told CNBC’s ‘Squawk on the Street this week, noting that during COVID, RXR bought $2 billion worth of multifamily product in New York City at a time when people were fleeing the region.

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Lynn Pollack

 

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