Distress is piling up in the multifamily market, but it’s still not as bad as the other real estate sectors, according to the Trouble Assets Radar from New York-based Real Capital Analytics (RCA).
According to the report, 588 apartment communities totalling $8.1B fell into distress (defined as default, foreclosure or bankruptcy) in June.
Apartment Finance Today AFT – September/October 2009 [8 - 9].
Tags: apartment communities, bankruptcy, commercial real estate, default, development, foreclosure, garden units, high-rises, Houston, las vegas, low income housing, miami, multifamily, new york, phoenix, real capital analytics, retail, senior housing, student housing, troubled assets radar
