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LEITNER ADDRESSES RELA BREAKFAST

LEITNER ADDRESSES RELA BREAKFAST
LEITNER ADDRESSES RELA BREAKFAST
We also dropped by 101 Park in the morning to hear Leitner Group's Joel Leitner speak to the Real Estate Lenders Association about the challenges of appraisal in a market where transactions are down 85%. We haven't hit bottom yet, he says, but we will soon stabilize. Even though buildings aren't trading hands, there is data that the industry can use for appraisals, including investor surveys and rental and vacancy rates. He expects the anticipated uptick in distress and note sales to close the bid-ask gap.