We expect capital availability to say no in the close to term, although the denominator impact could not drive sales as a lot as in typical downturns. For instance, since many institutional buyers have been under-allocated in commercial real estate, they gained’t need to rebalance by promoting real estate property. The insiders we interviewed counsel that someplace between 10 and 20 p.c of the office real estate inventory must be removed or repurposed.
But that’s just the beginning of a tally that’s more probably to grow because the true picture of what FTX was doing with its customers’ and investors’ cash comes into view. As reported by the Block, FTX Property Holdings “spent $74,230,193 on property within the Bahamas over 2022,” together with condos at two totally different luxury resorts. It lately introduced plans to move its headquarters to Miami after opening its Chicago headquarters four months prior. Freddie Mac …Read More