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NEW YORK, May 7, 2021 /PRNewswire/ The CRE Finance Council (CREFC), the industry association that exclusively represents the $4.8 trillion commercial and multifamily real estate finance industry, today announced the results of its First-Quarter 2021 CREFC Board of Governors (BOG) Sentiment Index Survey and Special COVID-19 Survey. The results indicate a continued strong upward surge in positive outlook for commercial and multifamily real estate finance, with 95% of the Board expecting the U.S. economy to perform better over the next 12 months, compared to 77% in Q4 2020.
(PRNewsfoto/CRE Finance Council)
CREFC s quarterly sentiment Index is derived from the Board s responses to 10 core questions on the state of the commercial real estate (CRE) finance market. The surge in the Q1 Index is attributed to positive responses to eight of the 10 questions, which have been posed to the Board each quarter beginning in the fourth quarter of 2017.
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KBRA Releases CREFC Day 1 & Day 2 Recap Kroll Bond Rating Agency (KBRA) releases its CREFC Day 1 & Day 2 Recap. CREFCs 22nd annual January conference started on Wednesday, January 20, 2021, albeit in an all-digital format due to the ongoing global pandemic. Whereas last years Miami conference drew close to 2,000 commercial real estate professionals, roughly 3,500 registered attendees and panelists assembled virtually. The Day 1 virtual sessions consisted of closed sessions by various CREFC forums. CREFCs Executive Director, Lisa Pendergast, commenced Day 2 of the conference with some thoughts about the state of the CRE industry, the year ahead, and the many important contributions that CREFC made to the industry in 2020 and will continue to make in 2021 and beyond.