The document discusses the state of the commercial real estate market in 2016, highlighting concerns about banks' exposure to CRE loans and the tightening of lending standards. It provides an analysis of total returns in the commercial real estate market, comparing them to historical averages and other asset classes. The document also includes a forecast for total returns from 2016 to 2020, noting expected changes in income returns, cap rate shifts, and NOI growth.
doj/DataSet10/EFTA01388632.pdf
{"title":"U.S. Real Estate Strategic Outlook","key_people":["Federal Reserve","Office of the Comptroller of the Currency"],"document_date":"2016-09","document_type":"tabular","key_locations":["U.S."],"document_subtype":"financial report","key_organizations":["NCREIF","Deutsche Asset Management"],"reference_numbers":["DB-SDNY-0092296","SDNY_GM_00238480","EFTA01388632"]}