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CHICAGO-Momentum is a new word, one not used in the past seven-to-eight quarters, when discussing distressed real estate in the United States. However, locally-based Navigant Capital Advisors in a third quarter report says that values have increased for all asset classes, including distressed properties.

According to Navigant, resolution activity during the third quarter averaged $2.6 billion each month, more than double the level of restructuring activity. Momentum signals showed through each month. In September alone, for example, the volume of distressed loans being restructured and resolved, about $4 billion, almost fully offset about $4.3 billion of new additions to distress.

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