Bank Watch: FDIC CRE Sales Approaching $1 Billion for the Year
The Federal Deposit Insurance Corp. (FDIC) has completed more than $1 billion in CRE property sales this year ($979 million in commercial properties and $81.2 million in multifamily), according to its latest release of data. The data is through October.
Through the same time period last year, the FDIC had completed $238 billion in commercial property sales and $60.5 million in multifamily sales.
The FDIC has been dealing with the acquired assets...