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Article: Commercial Property Could Become Operating Albatross.(Mortgages)
- Article from:
- American Banker
- Article date:
- July 1, 2009
- Author:
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Byline: Harry Terris
Growing weakness in commercial real estate is poised to transform banking companies into accidental landlords - with a new set of headaches.
Lenders have already endured trials from seizures of vast numbers of single-family homes. Properties that produce income and accommodate tenants - office buildings, apartment complexes, shopping malls and the like - carry a distinct set of problems, from "slip-and-fall" lawsuits to new varieties of public relations dust-ups.
Tenants have always had a fraught relationship with landlords. Following the blow to bankers' reputations from the financial crisis, the dual role could make for a ...