In February, we authored an article titled “Commercial Real Estate Could Be At A Tipping Point.” The discussion centered around a massive wave of loan maturities facing the commercial real estate sector. Specifically, the parallels that could be drawn between sentiment coming from Jerome Powell’s Federal Reserve and Ben Bernanke prior to the Great Financial Crisis. At the time, the Federal Reserve remained insistent that commercial real estate problems were limited and isolated within the financial system. Since publishing, mortgage REITs of all shapes and sizes have underperformed.