OUTLOOK
CMBS and CRE CLOs - US
2021 Outlook — Starkly bifurcated recovery ahead for commercial real estate

“"The shock of the pandemic-driven recession will continue to weigh on commercial real estate securitization markets in 2021. The time it takes for the different collateral types to recover from pandemic-related disruptions will vary dramatically, with loans backed by hotel and retail properties taking by far the longest.”
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