Money problems: Cracks in CRE are widening. Dollar figures reveal damage from industry headwinds

“Nobody has a good sense of value,” said Alex Horn, managing partner at Miami-based lender BridgeInvest. “Everyone is operating on what has happened in the past.”

While any appraisal requires some magical thinking — predicting things like income, occupancy and economic cycles — the decline in transactions has made the guessing game particularly difficult.

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