Real estate mogul and YouTube personality Ben Mallah is unwinding his vast portfolio of commercial real estate in anticipation of a correction in the market.
“I talk to bankers all the time,” Mallah told fellow real estate investor Graham Stephen on a recent episode of “Iced Coffee Hour.” “We were playing the game ‘pretend and extend.’ Now that period is over, they have moved to ‘pray and delay.’ What happens after you pray and delay? The s—’s going to hit the fan.”
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Publicly available data suggests Mallah has already started offloading some of his prized assets. Last year, he reportedly sold a 12,000 square-foot home in Belleair for $8.7 million, a Sheraton-branded hotel in Fort Lauderdale for $28 million, and a handful of shopping centers across Florida.
Mallah’s concerns about commercial real estate are shared by other experts and experienced investors in…
