Recent trends & indicators of CMBS defaults seem likely in larger US cities. Office space buildings & mixed use properties appear headed for some short term issues in the market. Combined with higher rates & abilty of investors to walk away from deals without penalty. To me seems like an opportunity to hedge losses by going short on a stock or reit with large exposure in commercial office building properties. Only way I see is through CMBX index trades but we lowely retail trade mortals can't just jump into that. Any ideas on a stock or reit that may be overleveraged here? BX was one I considered. Below 50 & 200 moving average, rsi down, analyst's all saying buy another sign of weakness & recent default. However well leveraged & fees are how they really make money so not sure. Curious thoughts?
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