Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Top News

  • AEW Offers Atlanta Office Property for Sale

    The Boston investment manager is offering for sale 1155 Perimeter Center West, a 376,694-square-foot office property in Atlanta's central perimeter submarket. The 12-story building could sell for $83 million, or about $220/sf.

    Written on Wednesday, 27 August 2014 Log In or Subscribe to read more...
  • TIAA-CREF Lends $172.1Mln Against Boston Office Building

    TIAA-CREF has provided $172.1 million of mortgage financing against One Marina Park Drive, a 525,000-square-foot office building in Boston that was developed in 2010 by a venture of Fallon Co. and MassMutual Financial Group. The TIAA loan retires construction financing that was originated by Anglo Irish Bank in 2008.

    Written on Tuesday, 26 August 2014 Log In or Subscribe to read more...
  • Philadelphia Office Building to Hit Sales Market in Coming Weeks

    A venture led by Winthrop Realty Trust has hired JLL to market for sale a 502,000-square-foot office building at 1515 Market St. in downtown Philadelphia. In a regulatory filing, the Boston company said the property was worth between $72 million and $77.4 million. The property is on track to generate $5.4 million of net operating income this year.

    Written on Monday, 25 August 2014
  • AMLI to Sell Suburban Atlanta Apartment Property for $95Mln

    AMLI Residential has struck a deal to sell the 696-unit AMLI at McGinnis Ferry apartment property in the Atlanta suburb of Suwanee, Ga., for roughly $95 million, or $136,494/unit. The property, at 4021 McGinnis Ferry Road, is being offered through JLL. The identity of the proposed buyer couldn't immediately be learned.

    Written on Friday, 22 August 2014 Log In or Subscribe to read more...
  • Investment Manager Taps Crowdfunding Market to Raise Equity for Fund

    American Colonial Capital is looking to raise $50 million of equity, with roughly a quarter of that coming through the crowdfunding market, for a fund that will invest primarily in select-service hotels. The Palm Desert, Calif., investment manager so far has raised $10 million, but none of that has come through crowdfunding.

    Written on Friday, 22 August 2014 Log In or Subscribe to read more...
  • Terra Capital Raises $120Mln for Debt Fund

    Terra Capital Partners has raised $120 million of a targeted $160 million for its latest fund, which will provide mezzanine financing and B-notes against commercial properties as well as make preferred-equity investments. The vehicle, Terra Secured Income Fund 5, succeeds a $100 million fund that was launched in 2011. It's been totally invested.

    Written on Thursday, 21 August 2014 Log In or Subscribe to read more...
  • Atlanta Apartments, Retail Space Seen Selling for $121Mln

    A venture led by the Daniel Corp. has struck a deal to sell the 330-unit apartment building at 77 12th St. in midtown Atlanta for $121 million to John Joyce, a Massachusetts investor. Daniel, which developed the property with partners Northwestern Mutual Life Insurance Co. and Selig Enterprises Inc., is being represented by Engler Financial Group.

    Written on Wednesday, 20 August 2014
  • Blackstone Pays $800Mln for Hotel Portfolio, Lines up $675Mln of Debt

    The New York investment manager has paid $800 million, or roughly $135,410/room, for a portfolio of 47 extended-stay hotels with 5,908 rooms scattered across 18 states in major metropolitan markets. It funded the purchase with $675 million of financing that was provided by JPMorgan Chase Bank and Deutsche Bank. The floating-rate debt likely will be securitized.

    Written on Tuesday, 19 August 2014 Log In or Subscribe to read more...
  • Developer Eyes $400Mln-Plus of Deals via Partnerships

    CapRock Partners is looking to make at least $400 million of investments on behalf of its two latest funds, which will have $28.5 million of equity. The Irvine, Calif., developer and investment manager leverages its cash by joint venturing with larger institutional investors that provide between 90 and 95 percent of the equity required for the deals. The firepower is boosted further by the debt financing the ventures take out on their properties.

    Written on Monday, 18 August 2014 Log In or Subscribe to read more...
  • Nomura Finds $500Mln of CMBS Conduit Loans Subject to Rep, Warranty Claims

    Nomura Securities has found 16 CMBS conduit loans with a combined balance of $500 million that are subject to claims that their representations and warranties were breached. Such claims could provide an eventual bonus to bondholders, but they often take time, sometimes years, to resolve.

    Written on Friday, 15 August 2014 Log In or Subscribe to read more...

Data Digest


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Moody’s/RCA CPPI



CMBS Pricing Matrix (Legacy AAA Spreads)



Top Loan Contributors
Domestic, Private-Label CMBS - 1H2014


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  • July REIT Performance Flat, but Outpaces Larger Stock Market
    The FTSE NAREIT All REIT Index’s July return of -0.19 percent was relatively healthy compared to the overall stock market, which ended its months-long push upward during July. REITs continued to outperform the DJIA (-1.56 percent), S&P 500 (-1.38 percent), and the NASDAQ (-0.87 percent). Infrastructure REITs were the best performing...
  • Office REITs Beating 2Q Earnings Estimates
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  • Non-traded REITs Contribute to Listed REIT Expansion
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