Here's your summary from Rechler: There's Been A Day Of Reckoning For Commercial Real Estate (https://www.youtube.com/watch?v=VTyY4XcA8f8) on the Bloomberg Television channel:

**TLDR:** The commercial real estate industry is facing challenges due to rising interest rates and changing property dynamics, leading to potential distress in the system.

1. The industry is going through a period of acceptance that interest rates will not be as low as before, leading to revaluations and write-offs on commercial real estate.

2. Multifamily properties pose a significant challenge for regional banks due to underwater loans and new supply entering the market.

3. To navigate the current market, investors need to be selective in choosing properties with potential for success in a post-pandemic world and focus on fixing broken capital structures to attract tenants.

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