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  • Institutional Investors Increase Allocation to Real Estate

    Institutional investors that recently were surveyed have increased their allocation to real estate by 30 basis points this year to 10.4 percent. That's the highest allocation to the asset class since Hodes Weill & Associates and Cornell University started surveying institutions in 2013, when they had allocated 9.1 percent to the class.

    Written on Monday, 19 November 2018 13:57
  • Boston Investment Manager's Latest Fund Targets Office, Industrial Properties

    Albany Road Real Estate Partners is pursuing office and industrial properties through a fund it raised earlier this year. The Boston investment manager secured $175 million of equity commitments for the vehicle, Albany Road Real Estate Fund II, which is targeting properties in the Southeast and Northeast, as well as Texas.

    Written on Friday, 16 November 2018 13:08
  • Piedmont to Sell Last West Coast Property for $160Mln

    Piedmont Office Realty Trust Inc., an Atlanta REIT that has been selling properties in non-core markets since 2010, is under contract to sell its last West Coast asset. The property, at 800 North Brand Blvd. in the Los Angeles suburb of Glendale, Calif., is being sold for $160 million, or $303/sf.

    Written on Thursday, 15 November 2018 09:13
  • JCR Capital's Latest Fund Closes Capital-Raising; More Than Doubling Expectations

    JCR Capital has raised $306 million of equity commitments for its JCR Capital Income Plus Fund IV LP, well exceeding its original $130 million target. The fund will not use leverage to goose its potential returns. It will make preferred-equity and joint-venture investments in value-add properties.

    Written on Wednesday, 14 November 2018 13:39
  • Senior KBS Execs Leave to Form Retail Investment Manager

    Keith Hall and Peter McMillan, who 12 years ago had co-founded KBS Capital Advisors, have left to form their own retail investment management operation, Pacific Oak Cos. The company will develop and market a number of investment products, including non-traded REITs, that it will distribute via the broker-dealer network.

    Written on Tuesday, 13 November 2018 16:32
  • Increasing Labor Costs Squeezing Multifamily Development Pipeline

    A tightening labor market has forced developers of apartment properties across the country to push back or slow down the delivery of new supply. Construction companies are facing a shortage of skilled laborers, resulting in higher costs, which are contributing to a slow down in the construction of new units.

    Written on Friday, 09 November 2018 16:21
  • Colony Capital Aims to Sell Another $1Bln of Assets as Part of Re-Focusing Effort

    Colony Capital Inc., in the midst of a repositioning away from directly owning assets to a fee-centric business model, is planning to sell up to another $1 billion of assets through next year and use proceeds to originate third-party investment products. That would be on top of the $1.1 billion of non-strategic assets the Los Angeles investment manager has sold so far this year.

    Written on Thursday, 08 November 2018 14:09
  • CBL Puts Honey Creek Mall in Indiana on Sales Market

    CBL & Associates Properties Inc. has put its Honey Creek Mall in Terre Haute, Ind., up for sale in order to resolve the property's $24.4 million mortgage. The offering is being driven by the property's lender, which has hired NKF Capital Markets to solicit investors. The loan against the property is cross-collateralized with a mall CBL owns in Daytona Beach, Fla.

    Written on Wednesday, 07 November 2018 15:41

Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41



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  • What Does Increased Construction Mean for Apartment REITs?
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shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds