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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The completed transactions, most of which were classified as “net lease,” were a mix of restaurants, convenience stores/gas stations, discount stores, veterinary clinics, fitness centers and drug stores, spanning across 12 states, including seven in Pennsylvania and five in New Jersey.
Idiosyncratic, borrower-driven distressed situations and signs of late-cycle lender fatigue will lead to increased opportunities in non-performing loans, says Bain Capital Credit's Jeff Robinson.