Iacono Contends .50 BPS Fed Rate Drop Positive Direction for CRE, But Market Challenges Remain
Crescit Capital Strategies CEO Joe Iacono recently spoke with PERE Credit about the Fed’s .50 bps rate drop. He contends that directionally it’s a positive sign for the CRE industry and other fixed income products, and that CMBS could be one of the biggest beneficiaries. But he cautioned that real estate assets that were challenged beforehand are more than likely to remain in a difficult position.