This is a CVS. I am the world. I'm John Bachelor. I welcome Chris Regal, the CEO of

scholar.com, a global technology firm doing business on all the occupied continents.

We begin with the occupied continent of North America.

New York Times headline, fearing losses, banks are quietly dumping real estate loans.

Subhead, if landlords can't pay back loans on office buildings, the lenders will suffer.

Some banks are trying to avoid that fade. Chris, a very good evening to you.

You first identified this problem two, three years ago during the pandemic. Class A buildings throughout the country, I remember one in particular in the

Midwest, were going for a severe markdowns and the assumption at the time was the

pandemic would lift eventually there would be a vaccine

everybody would go back to work but it hasn't happened. New York City and LA get a lot of

attention but what we're looking and the, Washington, they haven't gone back to the office.

But what we're looking at now is finally, the extended and pretend is either coming

due or the banks have decided to get up front of it.

Your measure of these banks quietly dumping, that's the word the New York Times in

elegantly uses.

Who's buying if they're dumping?

Is this foreign investors?

Is this insurance companies?

Who wants to buy a building you can't get tennis for good evening to

Good evening. There's certainly foreign investors in the US markets

Looking at a lot of this excess or surplus real estate. You also have some very sharp

hedge funds and private equity funds that are looking at it. The challenge being

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