Researcher: CMBS delinquency, defaults predicted to grow

05/28/2009 | Bloomberg

Steadily rising vacancy rates for multifamily, office and retail properties are likely to drive more CMBS issues into delinquency and default in the U.S. this year, said research company Reis. Based upon current trends, delinquencies will rise from 1.76% in this year's first quarter to something above 6% by the end of the year, said Victor Calanog, research director at Reis.

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