Market
Memos from Howard Marks: The Indispensability of RiskFundamentals Strong Despite Bleak Sentiment
Recent news about U.S. commercial real estate suggests that investors may soon face that a wave of defaults and property valuation resets. However, our research finds that most publicly traded real estate investment trusts (REITs) are enjoying strong fundamentals and a low risk of default, creating compelling valuations that present an attractive investment opportunity.