Real Estate
German Real Estate Seeing Most Distress, Greystar CEO Says
- Bob Faith spoke in a Bloomberg Television interview Wednesday
- Faith sees opportunities in real estate for private capital
The shifting rates environment means many developers have paused or halted construction.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Interest rate hikes have upended residential real estate markets across Europe but no where is the wave of distress more evident than in Germany, according to Bob Faith, Chief Executive Officer of Greystar Real Estate Partners.
“Germany is probably the most distressed in Europe right now, we are very closely looking through some interesting situations,” Faith said in an interview on Bloomberg Television. “I think there will be some investors that took too much debt when it was cheap.”