Real Estate Debt Crunch Looms as Loans Come Due, Says Hines

Property markets, particularly in the US, are headed for trouble as the economy slows and interest rates stay high, according to Hines, a global real estate investment manager.

“We will probably see a bigger wave of assets in distress,” if there’s stagflation, Alfonso Munk, who runs the firm’s debt business, said on Bloomberg Intelligence’s Credit Edge podcast.

Aggressive US trade policy has unleashed a wave of uncertainty across the economy, shocking markets. Even as levies are being negotiated, economists widely expect expansive tariffs to boost inflation and weigh on growth.

The value of US real estate fell ...