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The portfolio includes buildings in Arizona and and Nevada
Scores of property owners in Palisades, Altadena are selling rather than rebuilding.
Meanwhile, economists have cut growth expectations and increased inflation projections.
Strong economic fundamentals support CRE investment growth.
House inventory has grown, as have wages, but prices and mortgage rates are still high.
After a January drop, rates reversed and rose to 10.32%.
Also, new tariffs will impact how drugs are manufactured and marketed in North America.
Currently, build-to-suit projects dominate the market.
Homes in the most at-risk areas are less likely to sell at their original list price.
With 82% of renters reporting they want at least one smart device system in their homes, multifamily works to keep pace.