Clearly you had some good foresight a year ago.In general, I agree with your sentiment that things will get worse, but I do disagree on general timelines.First, I cannot tell if you mean recession from a traditional standpoint (2 consecutive quarters of GDP decline), the current National Bureau of Economic Research (NBER) definition (a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales) or a general "emotional" descriptor. 

Regardless of their own and their buyers sentimental reasons,  People were still getting the same joy out of reading them.I'm sure someone is about to say why that's different, but my point is that regardless of our own long history of buying and selling Real Estate, we are selling an inanimate object.  

I assume a lot of the sentiment that CMBS debt might fail is already priced in to those CEBOs?  

As for selling it, we have kind of a sentimental attachment.

I have an aunt and uncle who are in a financial bind, needs cash and are looking to sell their lake house that has been in the family for years and has been a place that holds a lot of sentimental meaning to me and to the family. 

Local sentiment places Indianapolis 10th in the nation for development/redevelopment opportunity.

I do disagree with the sentiment that BRRRR can't be done OOS. 

I can echo @Mat Farmer's sentiments as well.  

The property has been in our family since the 50s so it is sentimental.  

In this case, I think it might hurt as if the listing agent finds out you have a connection to the property, they may be more likely to hold tighter on their price hoping that your sentimentality wins out.