Bid Ask Narrowing?

It seems that banks are going to get more realistic in the near term. We are hearing about offers and negotiations but have not seen a large number of transactions …YET. The bid ask is narrowing and we expect that as the regulators continue their summer examinations and field meeting assets will begin to be marked to market and sold.

Our role is to facilitate the efficient completion of the market clearing process by being the market place where sellers and buyer meet. As the next few months unfold we will be here to discuss general and property specific issues with all of those involved in this marketplace and this unique time in the market cycle.