Distressed Investors See ‘Exceptional Bargains’ In Troubled US Commercial Real Estate Sector – American Tower (NYSE:AMT), iShares Cohen & Steers REIT ETF (BATS:ICF)
Distressed investors are targeting US commercial real estate deals as a result of plummeting office values due to the pandemic. Private equity firms have earmarked 64% of funds for this sector.
While affordable rentals are in high demand, new homes also could revitalize long-depressed neighborhoods and help attract supermarkets and other amenities.