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JPM is not simply a company that leases CRE space. That describes a lot of hedge funds, which is why they haven't cared about RTO to the extend the big banks ha
by steveBK123 3y ago
JPM is not simply a company that leases CRE space.
That describes a lot of hedge funds, which is why they haven't cared about RTO to the extend the big banks have.
JPM is a huge lender in the space.
If CRE falls, JPM has a tougher time than the average big bank.
They are also building a huge tower on Park Ave that was started pre-COVID and still not done.
https://www.marketwatch.com/story/deutsche-bank-goldman-and-jp-morgan-top-commercial-real-estate-finance-despite-covid-19-cracks-11602250715 https://www.marketwatch.com/story/deutsche-bank-goldman-and-...