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

General

Sabra Health to Buy Stake in 183 Seniors-Housing Properties

Friday, 22 September 2017

Florida's Commercial Property Market Weathered Irma

Friday, 22 September 2017

Chatham Lodging Pays $43.5Mln for Portsmouth, N.H., Hotel

Friday, 22 September 2017

Michael Roberts Joins HFF's Los Angeles Office

Friday, 22 September 2017

Michael Berman Retiring as GGP's CFO; Heath Fear to Replace

Friday, 22 September 2017

Security Properties Pays $57.4Mln for Sacramento, Calif., Apartments

Friday, 22 September 2017

Kennedy Wilson Pays $58Mln for Apartments in Suburban Portland, Ore.

Friday, 22 September 2017

Bank of the Ozarks Lends $74.85Mln for Chicago Hotel Remake

Thursday, 21 September 2017

INITIAL PRICING: COMM, 2017-COR2

Thursday, 21 September 2017

Kevin Donlon Quits New York Mortgage Trust

Thursday, 21 September 2017

KKR Real Estate Lends $105Mln Against Hawaii Apartments

Thursday, 21 September 2017

CBRE Sells Back Stake in Wood Partners to its Managers

Thursday, 21 September 2017

Buchanan Partners, Elion Team to Pay $81.2Mln for Northern Va. Warehouses

Thursday, 21 September 2017

Murray, Utah, Apartment Property Trades for $67.25Mln

Thursday, 21 September 2017

Bluerock Pays $183.5Mln for 2 Orlando, Fla., Apartments

Thursday, 21 September 2017

INITIAL PRICING: Citigroup Commercial Mortgage Trust, 2017-P8

Thursday, 21 September 2017

Madison International Strikes Deal to Buy Out Forest City in $1Bln Retail Portfolio

Wednesday, 20 September 2017

Office Complex in Irving, Texas, Trades for $83.4Mln

Wednesday, 20 September 2017

Forest City to Give Up Boulevard Mall in Deed-In-Lieu of Foreclosure

Wednesday, 20 September 2017

Walker & Dunlop Writes $1.9Bln Freddie Mac Loan for Monogram Portfolio

Wednesday, 20 September 2017

INITIAL PRICING: CSAIL Commercial Mortgage Trust, 2017-CX9

Wednesday, 20 September 2017

INITIAL PRICING: Wells Fargo Commercial Mortgage Trust, 2017-BNK7

Wednesday, 20 September 2017

Dallas-Area Apartment Property Trades Hands

Tuesday, 19 September 2017

TPG Lends $121.6Mln Against Houston Redevelopment

Tuesday, 19 September 2017

St. Louis Office Building Gets Appraised at $52.1Mln

Tuesday, 19 September 2017

KBS Legacy Shareholders to Vote on Liquidation Plan

Monday, 18 September 2017

Morningstar Starts Rating REITs; Grades 6

Monday, 18 September 2017

Apple Hospitality Pays $38.4Mln for 2 Hotels in Birmingham, Ala.

Monday, 18 September 2017

Large CMBS 2.0 Loan Against Los Angeles Mall Goes to Special Servicer

Monday, 18 September 2017

Hurricanes Harvey, Irma Impact Hotel Performance

Monday, 18 September 2017

Unemployment Trends Found to Help Determine Hurricane Impact on CRE Quality

Friday, 15 September 2017

Philadelphia Student-Housing Property for Sale

Friday, 15 September 2017

Apartments in Miami's South Kendall Sell for $37.25Mln

Friday, 15 September 2017

IRET Pays $92.3Mln for Minneapolis-Area Apartments

Thursday, 14 September 2017

Jon Lange Named as VP for Boston Properties

Thursday, 14 September 2017

360-Unit Multifamily Property in San Diego Sells for $136Mln

Thursday, 14 September 2017

Trepp Broadens Capabilities in CLO Analytics Business

Thursday, 14 September 2017

HFF Adds Rebecca Van Reken as Managing Director in Orlando, Fla.

Thursday, 14 September 2017

200 South Tryon in Charlotte, N.C., Sold to Jewell Capital for $35.5Mln

Thursday, 14 September 2017

Northwestern Mutual Writes $157Mln Construction/Perm Loan on Va. Mixed-Use Project

Thursday, 14 September 2017

Alina Mardesich Joins George Smith Partners

Wednesday, 13 September 2017

Starwood, Morrison Street Lend $42Mln for Pittsburgh Office

Wednesday, 13 September 2017

ORIX USA Buys Seniors-Housing Lender

Wednesday, 13 September 2017
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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 - 2016
Investment Bank #Deals Vol$mln MktShr%
JPMorgan Securities 14.94 10,350.16 15.14
Deutsche Bank 14.21 9,926.60 14.52
Wells Fargo Securities 13.36 9,513.96 13.92
Citigroup 10.87 8,061.79 11.80
Goldman Sachs 10.05 7,563.72 11.07

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2016
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 133.67 8,670.33 13.34
Goldman Sachs 156.20 7,418.37 11.41
Deutsche Bank 178.17 6,510.75 10.02
Citigroup 184.41 5,512.20 8.48
Morgan Stanley 113.18 4,130.53 6.35

 

 

 

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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