A myriad of suburban office properties in Atlanta, attached to a distressed CMBS loan, have faced a devaluation of up to 36.5% as per a new appraisal report. This comes as owners and lenders are still grappling to find a floor price for office spaces. This indicates a declining market for office properties that are held in CMBS portfolios.
Eight office buildings held by the bankrupt landlord, Adventus Realty Trust, have experienced a significant drop in their appraised value, which plummeted from $439 million to $279.9 million. Most of these properties are located in the Atlanta suburbs. The repricing of five office complexes in the Metro Atlanta area includes:
Residents Return to Deer Park After Pipeline Fire DEER PARK, Texas — Residents who had…
City Buzz: The Upcoming Presidential Debate Drama As the countdown to the highly anticipated presidential…
Star-Studded Event in Michigan as Kamala Harris and Oprah Winfrey Rally Support for Upcoming Election…
Austin, Texas: A Call for Justice in a Bittersweet Atmosphere Something strange is happening in…
ATLANTA — U.S. Senator Jon Ossoff Announces New Legislation Aimed at Overhauling USPS Leadership In…
In DeKalb County, GA: A significant and emotional case has recently come to a close…