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Distressed properties in Texas land new owners, take hit to valuations

Texas among top US states for commercial foreclosures
The historic Esperson buildings in downtown Houston were acquired by Interra Capital Group through a foreclosure auction in August. (CoStar)
The historic Esperson buildings in downtown Houston were acquired by Interra Capital Group through a foreclosure auction in August. (CoStar)
CoStar News
September 4, 2024 | 9:45 P.M.

Texas is one of the nation's top spots for commercial foreclosures — a feat not too surprising given it's also one of the country's largest states by population and geography — with a number of properties having recently traded hands to new owners through foreclosure auctions.

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