𝐀𝐭𝐥𝐚𝐧𝐭𝐚’𝐬 𝐦𝐮𝐥𝐭𝐢𝐟𝐚𝐦𝐢𝐥𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐡𝐞𝐚𝐭𝐢𝐧𝐠 𝐮𝐩—𝐧𝐨𝐭 𝐰𝐢𝐭𝐡 𝐛𝐢𝐝𝐝𝐢𝐧𝐠 𝐰𝐚𝐫𝐬, 𝐛𝐮𝐭 𝐰𝐢𝐭𝐡 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐝𝐢𝐬𝐭𝐫𝐞𝐬𝐬 𝐭𝐨 𝐜𝐫𝐚𝐜𝐤 𝐭𝐡𝐞 𝐝𝐚𝐦. With property values still down 20% from their peak, owners have resisted selling, but pressure is building. Over $500M in CMBS loans are delinquent, with another $3.9B on watchlists, and lenders are running out of patience. Floating-rate debt, poor management, and slowing rent growth have created cracks that savvy buyers are watching closely. New construction and rising vacancies have pushed rents down 2.8% and vacancies up 12%, but with supply tightening, investors see an opportunity. The question isn’t if distress will hit—it's when. And when it does, expect a rush to the table. https://lnkd.in/eQaXr4T2