Daniel Herrold shares insights with Wealth Managment about off-market deals amid the CRE industry's liquidity crunch

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Daniel Herrold -
Senior Vice President

TULSA, OKLAHOMA (February 17, 2023) - Daniel Herrold, senior vice president of Northmarq's Tulsa office, recently spoke with Wealth Management Magazine in a story focusing on how opportunities for investors looking for off-market acquisitions have opened up as sellers become more concerned about marketing a property that fails to sell.

"Off-market deals have always been highly sought after because investors believe that opportunities that haven't been widely distributed and/or marketed offer more attractive pricing," he said.

Herrold went on to note that that owners willing to sell their assets at a time when values are declining usually have a motivation to sell, such as personal financial need or an upcoming loan maturity, so they are looking for a qualified buyer who can offer speed of execution and transaction certainty.

Other topics covered include:

  • Federal Reserve's impact on off-market deliveries
  • Flexibility of 1031 exchange
  • Remaining Challenges

Read the full story.

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