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

General

Projection for Hotel RevPAR Growth This Year Increased to 3.2 Percent

Monday, 20 August 2018

Marathon Lends $53Mln Against Recently Revamped Godfrey Hotel in Tampa

Monday, 20 August 2018

Natixis Lends $30Mln for Brooklyn, N.Y., Self-Storage Facility

Monday, 20 August 2018

Orioles' Weak Season Likely Impacting CMBS Loan Against Baltimore Hotel

Monday, 20 August 2018

Berkadia Represented Summit Hotel in $46.5Mln Sales Deal

Monday, 20 August 2018

Developer Converting Vacant Downtown Indianapolis Building to Hotel

Friday, 17 August 2018

JPMorgan Lends $138.1Mln for Construction of High-End Miami Condos

Friday, 17 August 2018

Boston Apartment Property Sells for $42.5Mln

Friday, 17 August 2018

Portfolio of Chicago-Area Office, Flex Properties Sell for $30Mln

Friday, 17 August 2018

Venture Pays $134.3Mln for 5 Apartment Properties in Mobile, Ala.

Friday, 17 August 2018

Hodes Weill's Tunbridge Buys Stake in Investment Manager Savanna

Thursday, 16 August 2018

JBG Smith On Target for $700Mln of Sales This Year

Thursday, 16 August 2018

Pimco Raises Nearly $700Mln for Loan-Origination Fund

Thursday, 16 August 2018

Philadelphia Retail Center Sells for $10.2Mln, Resulting in Big Hit to CMBS Deal

Thursday, 16 August 2018

Rreef Property Trust Pays $20.7Mln for 3 Miami Warehouses

Thursday, 16 August 2018

Bank OZK Writes $28.5Mln Construction Loan for Fla. Hotel

Thursday, 16 August 2018

Monmouth Real Estate Pays $47.1Mln for S.C. Warehouse Leased to FedEx

Thursday, 16 August 2018

Kennedy Wilson Names Mary Ricks President

Wednesday, 15 August 2018

Cress Capital Pays $89.5Mln for Cerritos, Calif., Offices

Wednesday, 15 August 2018

KKR Real Estate's 2018 Lending Activity Already Tops All of Last Year

Wednesday, 15 August 2018

Industrial Park in Burbank, Calif., Sells for $84.75Mln

Wednesday, 15 August 2018

PGIM Hires Kathy Thurston as Executive Director

Tuesday, 14 August 2018

TruAmerica Adds Christopher MacLeod as Director of Acquisitions

Tuesday, 14 August 2018

PGIM Funded $8.1Bln of Mortgages in 1H

Tuesday, 14 August 2018

DSF Group Pays $65Mln for Suburban Boston Apartments

Tuesday, 14 August 2018

TPG Lends $190Mln Against Philadelphia Office/Data Center

Tuesday, 14 August 2018

Office Buildings in Manhattan's Midtown South Area Sell for $54.5Mln

Tuesday, 14 August 2018

Square Mile, Pacific Western Bank Lend $90Mln for Atlanta Apartments

Monday, 13 August 2018

Bridge Investment Pays $70.25Mln for Suburban Washington, D.C., Apartments

Monday, 13 August 2018

Lincoln Property Pays $58.75Mln for Seattle Office

Monday, 13 August 2018

Brookdale Senior Living Names Steven E. Swain CFO

Monday, 13 August 2018

INITIAL PRICING: Wells Fargo Commercial Mortgage Trust, 2018-C46

Monday, 13 August 2018

Natixis Lends $47.75Mln Against Denver-Area Apartment Complex

Friday, 10 August 2018

Apartment Property in Suburban Savannah, Ga., Sells for $49.75Mln

Friday, 10 August 2018

PGIM Lends $32Mln for Retail Center in Washington, D.C., Area

Friday, 10 August 2018

Morgan Stanley Lends $63Mln for Chicago-Area Office

Friday, 10 August 2018

David Shillington Named President of Marcus & Millichap Capital

Friday, 10 August 2018

Freddie Launches Mezz Program Designed to Keep Rents Affordable at Workforce Properties

Friday, 10 August 2018

Tempe, Ariz., Apartment Property Sells for $60.5Mln

Friday, 10 August 2018

Suburban Atlanta Office Building Trades for $73.25Mln

Friday, 10 August 2018

Large CMBS 2.0 Transfer Causes Increase in Special Servicing Volume for July

Thursday, 09 August 2018

Blackstone REIT Pays $311Mln for Phoenix-Area Apartment Portfolio

Thursday, 09 August 2018

Lakewood, Colo., Apartments Sell for $78Mln

Thursday, 09 August 2018

INITIAL PRICING: CSAIL Commercial Mortgage Trust, 2018-CX12

Wednesday, 08 August 2018
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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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

 

RCA CPPI

 

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CMBS 2.0 Spreads

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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

 

 

 

REITCafe

  • Challenging Retail Environment Weights on REITs
    Mixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...
     
  • US REITs Feeling Effects from Turmoil in Greece and China
    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
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
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