The three largest declines in distressed valuation were all in office, no surprise, with a 53% drop. Retail, which many analysts seem to have warmed to, was down 52%. Hotels had a 40% drop, multifamily stayed at a mostly flat 35% down from 2023 and industrial improved from 32% declines to only 10%." https://lnkd.in/gDUmMbYe