Distressed properties remain a hot topic in commercial real estate and the number of REO sales continues to increase. In fact, REO sales have accounted for nearly 16% of all sales comps recorded by LoopNet in 2011 with Multifamily and Residential land really standing out as the category to watch.
The chart to the right provides a summary of the 2011 REO sales by property type (Jan – Nov 2011). What’s your prediction for 2012?
A few highlights include:
What’s your prediction for 2012?