Rising interest rates and structural shifts in the demand for space have strained CRE markets and prompted concern about contagion to the largest CRE debt holder: banks. We …
This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized assets. We address this question in the context of commercial real …
The commercial real estate (CRE) sector shifted significantly after the COVID-19 pandemic, as more remote work led to increased office vacancies. If higher office vacancy rates persist …