Oaktree Eyes Distressed Assets as $1 Trillion in Commercial Real Estate Debt Comes Due, Even as Economy and Markets Face Uncertainty
• Commercial real estate seen as "most acute area of risk" right now, with over $1 trillion in loans coming due in 2024-2025 • Oaktree plans to acquire distressed commercial real estate loan portfolios from banks • Also sees opportunities in high-yield bonds, leveraged loans, and private credit as defaults rise • Concerns about where 10-year Treasury yield goes from here given budget deficits and supply • U.S. stocks fell Wednesday after strong retail sales data pointed to a resilient economy despite high rates