Earlier this week, RXR Chairman and CEO, Scott Rechler, joined ‘Squawk Box’ on CNBC to discuss the impact of the interest rate cuts on commercial real estate. In this interview, Rechler says that by shaping the narrative, Federal Reserve Chairman Jerome Powell helped bring Treasury yields down while keeping both stock and bond markets strong. With the loosening of the markets, the day of reckoning is finally going to be reckoned with.
With many banks remaining on the sidelines, private capital has an opportunity to step in to help restructure broken capital structures, particularly in the multi-family space. This is why RXR has doubled down on its credit solutions platform—acting as both lender and partner to help clients navigate what’s likely to be a bumpy road in the months and years ahead.
