Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Canadian pension funds are the canaries in the commercial real estate (“CRE”) coal mine. They built sizeable CRE portfolios with significant exposure to office properties. The canaries have begun to experience respiratory distress, foreshadowing CRE-related problems for lenders and owners in the United States.
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