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Blackstone Scoops Up $2B in Discounted CRE Loans
Harvard Report Warns of Historic Housing Strain
Distress Deepens in the Office Market, But Opportunity Knocks
Upstate NY Leads the Pack for Projected Rent Growth in 2025
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Blackstone Scoops Up $2B in Discounted CRE Loans

The private equity giant is doubling down on distressed commercial debt as regional banks look to unload legacy loans.

THE TAKEAWAY

Harvard Report Warns of Historic Housing Strain

A staggering 22.6M renters are now cost-burdened (spending over 30% of income on housing), with 12.1M severely burdened (spending more than 50%).

THE TAKEAWAY

Distress Deepens in the Office Market, But Opportunity Knocks

Trepp flagged 279 distressed office loans totaling $9.02B, all tied to properties with 60% or lower occupancy.

THE TAKEAWAY

Upstate NY Leads the Pack for Projected Rent Growth in 2025

The build-to-rent market is holding strong, with over 64,000 units currently under construction. Phoenix leads the charge, backed by continued momentum across the Sun Belt.

THE TAKEAWAY

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