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Could all those distressed CRE funds create a floor for values?
Michael Gevurtz, CEO of Philadelphia-based Bluebird Lending, said the shift in Fed policy will continue to bring more buyers to the table, which will only help to shore up any downward pricing pressure even as some landlords still need rate relief to make their properties profitable.
“We're grinding through it,” Gevurtz said. “There's not some collapse that's happening. The more dry power that builds up, it inherently creates a situation where there's going to be less of a fallout in the market.”
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