Retail CRE and funds crack

UBS suspended withdrawals from a $469M Euroinvest real‑estate fund for up to three years even as assets like The Outlet Shoppes at Gettysburg were appraised about 77% lower and other commercial properties reverted to lenders—signs of deep working‑capital stress in CRE. ((x.com) 1) ((x.com) 2) ((x.com) 3)