Kiah Lau Haslett, managing editor for Bank Director
As commercial real estate goes, so go banks. CRE owners and operators are in cash flow purgatory, trying to collect rent from struggling commercial tenants while facing their own loan payments. Less rent means less cash to service their debts, which will eventually mean lower profits and higher losses for banks. The most consequential question facing bankers eight months into the coronavirus pandemic is what will happen to the CRE market. “The majority of economic activity takes place in a physical structure somewhere,” says Ryan Severino, chief economist at global real estate firm JLL. “Things are bought, things are manufactured,...
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Kiah Lau Haslett is the Managing Editor of Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.