Pat Jackson, founder of Sabal Capital Partners in Irvine, Calif., said that while in the long-term he’s upbeat about some assets, such as multifamily housing, “a lot of distress” is also brewing after almost a year of COVID-19 disruptions.
Lisa Pendergast, executive director at the CRE Finance Council, noted that the resurgence of coronavirus infections has only exacerbated concerns for the commercial real estate market.