Nov
18

Originally published by Lisa Pendergast in NAIOP's Fall 2020 Issue.

SOFR, the new U.S. dollar replacement rate, differs in crucial ways from its longstanding forerunner.

The London interbank offered rate, or LIBOR, is a critically important number in the world of finance. It is the basis for hundreds of trillions of dollars in contracts around the world. These include everything from complex derivatives to home mortgage loans.