The commercial real estate market faces impending turmoil as office and retail property valuations are anticipated to slide this year due to rising interest rates, which makes it challenging for owners of these properties to refinance the hundreds of billions, if not trillions, in debt coming due over the next several years. One tradeable real estate investment trust that has caught our eye is Vornado Realty Trust, an office, retail, and residential building owner, which slid as much as 13% in premarket trading, hitting a 27-year low.
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