"After decades of free money, the day of reckoning is coming. There's $1.5T of commercial real estate loans that are coming due in the next three years," says RXR Realty Chairman @ScottRechler. "You have to take some time to restructure these loans and invest in new equity." pic.twitter.com/WQsMBqL89y

— Squawk Box (@SquawkCNBC) March 20, 2023