Challenges in Converting Commercial to Residential, Looming Crisis in Commercial Real Estate

Explore the challenges of converting commercial spaces to residential units and the potential solution it offers for the housing shortage. Also, learn about the looming crisis in the commercial real estate market and its implications for regional banks and municipal finances. Plus, discover the issues surrounding vacant commercial properties and the efforts being made to revitalize communities. Lastly, delve into the growing interest in Apollo Commercial Real Estate Finance and its potential for growth in the investment market.

Sources:
https://www.bdcnetwork.com/hotel-vs-office-challenges-commercial-to-residential-conversions
https://www.washingtonpost.com/business/2024/03/30/commercial-real-estate-2024-loans/
https://www.ncnewsonline.com/news/vision_2020/vacant-commercial-properties-continue-to-remain-an-issue-in-county/article_f766b720-e562-11ee-8475-afd834275f1e.html
https://www.defenseworld.net/2024/03/30/kingswood-wealth-advisors-llc-acquires-shares-of-18813-apollo-commercial-real-estate-finance-inc-nyseari.html

Outline:
(00:00:00) Introduction
(00:00:43) Hotel vs. office: Different challenges in commercial to residential conversions
(00:03:37) Last year was bad for commercial real estate. 2024 could be worse.
(00:07:22) Vacant commercial properties continue to remain an issue in county
(00:10:43) Kingswood Wealth Advisors LLC Acquires Shares of 18,813 Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)