Total Commercial Real Estate Debt - $3.5 Trillion - Harvey Green

CNBC's program, Squawk on the Street, recently discussed the CMBS market and the concerns which exist going forward with these investments. Total commercial outstanding debt in the U.S. is estimated at $3.5 trillion, and concerns are mounting as roughly $400 billion in debt comes due this year. Harvey Green, CEO of Marcus & Millichap Real Estate Investment Services, shares his insight.

Harvey Green | Marcus & Millichap CEO on CNBC Closing Bell

Harvey Green, Marcus & Millichap's CEO recently appeared with Neal Elkin, Real Estate Analytics on CNBC's Closing Bell to discuss the whether the recent decline in Moody's real commercial property price index is a sign of a bottom in real estate.

Mr. Green emphasizes the importance of differentiating property level performance based on transaction vintage with the highest risk transactions in this cycle having been executed in the late stages of the up-cycle. He also highlights some of the differences of addressing distressed assets in the current environment compared to the early 1990s.