TARP, TALF, and other real-estate focused programs have given commercial real estate industry experts a sense of recovery, despite billions of dollars in debt coming due, according to law firm DLA Piper’s 2010 State of the Market Survey. Sixty percent of survey respondents believe that real estate markets have already reached, or will reach, bottom in 2010. The report also showed that workouts and loan extensions were the two most prominent strategies for owners and lenders trapped by the refinancing crisis.

Other survey highlights included the prediction that hedge funds and REITS will be the most active investors during the next year. Hotels rebounded from last place in 2008 to finish as the second most attractive investment opportunity, according to DLA Piper.