The 2022 rise in interest rates greatly impacted all industries. But the abrupt change hit the highly leveraged real estate industry particularly hard. For real estate owner-operators and investors, interest rates are not only the price of debt but also the driver of asset values — a double whammy. Commercial mortgage rates doubled in the last year and are not expected to fall back.
The volatility in interest rates, inflation and economic performance has significantly slowed the commercial real…
