Multifamily Properties in Texas, Alabama, South Carolina Enter Special Servicing
Several multifamily properties across the U.S., including The Steeples Apartments in Houston and a four-property portfolio in Alabama and South Carolina, have entered special servicing due to financial distress. These developments highlight rising concerns over delinquencies and defaults within the sector.
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Topics: apartment management debt service coverage ratio (DSCR) foreclosure special servicing