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Article: Wachovia Securities Strategists See Real Estate Decline Moderating Amid Sluggish Economic Growth.
- Article from:
- PR Newswire
- Article date:
- February 28, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTE, N.C. -- Commercial real estate likely will be characterized by further but moderating deterioration amid sluggish economic growth in 2002, but it is not expected to decline to levels seen in the early 1990s, Wachovia Securities Commercial Real Estate Finance strategists said in their Commercial Real Estate and CMBS Outlook for 2002.
Wachovia Securities analysts Brian Lancaster, Davis Cable and Kathy Mixon noted that better real estate loans typically are made during this phase of the real estate cycle after marked deterioration has set in. As a result, although the commercial mortgage-backed securities (CMBS) vintage is expected to be smaller this ...