Checking in on 9/11

Today marks the 22nd anniversary of 9/11 and the 15^th anniversary of this blog. If you read the first post you’ll see how the events of 9/11 are part of our founding story:

The history of Backshop and CMBS.com

The anniversary of 9/11 always gets me thinking about the formation of this company and the state of our industry.

The CRE debt markets have been slow with higher interest rates, rising costs, and decreasing values. It is possible, if we get another significant down cycle and bond losses, there could be an opportunity to revisit the IRP disclosures. Rent rolls are key to understanding risk, especially for an office building, where there is high risk for severe losses. Right now seems like the calm before the storm.

Jim Flaherty