American Billionaire Barry Sternlicht warns office real estate lost $1.2 Trillion since2022

American Billionaire Barry Sternlicht, the co-founder, Chairman, and CEO of Starwood Capital Group, an investment fund with over $120 billion in assets under management, believes that offices, once a $3 trillion asset class, now become probably worth $1.8 trillion, that is $1.2 trillion of losses spread somewhere, and nobody knows exactly where it all is, while property owners have struggled to