The CRE turnover will be long, drawn out and likely not put into public exposure to the extent you think.
To protect the interest in these “assets”, the partner teams and corporations who own these assets will seek organized funding where preferred equity, and private money are brought to the table with very attractive terms for those entities.
This will forestall the ‘give back’ bankruptcy arc significantly. After those deals are tendered, expect relaxed timelines, value add project redevelopments (like conversion to condo/apt living, etc.)
KRC, Kilroy Realty Corp, specializing in A+ quality mostly advanced high tech corporation rental mixed commercial buildings and developments.
I got into it via a weirdly successful sequence of 1031 exchanges beginning with bare land, passing through a small Hollywood office building and then a small share of a huge Hollywood office building, which was bought out by KRC preserving my tax exemption one last time. I put all my ownership into a Fidelity managed DAF that I happily use as my primary charitable giving purse, selling off chuncks each year.
Obligations rated A are judged to be upper-medium grade and are subject to low credit risk," the ratings agency says in its ratings definition document. “Obligations rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics.”
The markets are getting concerned about the US dollar and the US banking system.
Japan and China are selling off US dollar forcing yields up - people are getting a bit jittery
A noticeable change seen in recent times is the fall in many central banks’ holdings of US Treasury bonds. The two largest US bond holders, Japan and China, have been reducing their holdings for three and six months. Yet these two countries are not the only ones to do so. At least 19 other governments, including those of Brazil and Vietnam, have also sold significant portions of their US Treasury bonds since May.