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

General

ValueRock Realty Hires Bradley Muth as Senior Managing Director

Monday, 06 July 2020

Essential Properties Realty Collects 72 Percent of June Rent

Monday, 06 July 2020

BlackRock Sells Queens, N.Y., Apartments for $26.5Mln

Monday, 06 July 2020

Pebblebrook Gets Waivers on Debt Agreements

Monday, 06 July 2020

Size of Commercial Mortgage Universe Grew by $61Bln in 1Q to $3.72 Trillion

Thursday, 02 July 2020

Venture Gets $35.7Mln Loan Against Margate, Fla., Apartment Property

Wednesday, 01 July 2020

RBC Lends $165Mln Against Bay-Area Life-Sciences Building

Wednesday, 01 July 2020

Cardone Capital Seeks $50Mln for Opportunistic Apartment Fund

Wednesday, 01 July 2020

Volume of Freddie Mac Loans Getting Deferrals Increased by $1.5Bln in June

Tuesday, 30 June 2020

SL Green-Led Venture Selling Manhattan Apartment Property for $62Mln

Tuesday, 30 June 2020

Landesbank Leads $68Mln Loan Against Manhattan Student-Housing Property

Tuesday, 30 June 2020

Independence Blue Cross Bought 1901 Market St. in Philadelphia

Tuesday, 30 June 2020

Distressed Loan Against Philadelphia Hotel Offered for Sale

Tuesday, 30 June 2020

Marketing of SoHo Retail Space Might Indicate CMBS Loan at Risk

Tuesday, 30 June 2020

NKF Writes $27.6Mln Freddie Loan Against N.C. Apartments

Monday, 29 June 2020

KBS REIT II Sells 2 San Jose, Calif., Offices for $95Mln

Monday, 29 June 2020

Smithsonian Pays $253.7Mln for Office Space at D.C.'s Capital Gallery Building

Monday, 29 June 2020

PCCP Lends $39.4Mln for Construction of Phoenix-Area Apartments

Monday, 29 June 2020

Blackstone Buying Stake in Portfolio of Production Studios, Offices

Monday, 29 June 2020

Hutton Hotel in Nashville, Tenn., Sold for $70Mln

Monday, 29 June 2020

Gelt Buys Self-Storage Portfolio, Gets Financing from 3650 REIT

Monday, 29 June 2020

Hotel Metrics Keep Improving, But Recovery Not Expected Until 2023

Friday, 26 June 2020

JPMorgan Pays $115Mln for Manhattan Office Building

Friday, 26 June 2020

CARROLL Raises $125.2Mln for Latest Investment Fund

Friday, 26 June 2020

Black Creek to Break Ground on Industrial Properties in Calif.'s Inland Empire

Friday, 26 June 2020

Macerich Pulls Request for Payment Deferral on Big CMBS Mall Loan

Friday, 26 June 2020

Apple Bank Lends $20.1Mln Against Manhattan Apartments

Thursday, 25 June 2020

Sotherly Gets Payment Deferrals on $211.7Mln of Mortgages

Thursday, 25 June 2020

Group in Congress Urges Fed, Treasury for Solution to Looming CMBS Crisis

Thursday, 25 June 2020

INITIAL PRICING: JPMDB Commercial Mortgage Securities Trust, 2020-COR7

Thursday, 25 June 2020

Ohana's Effort to Take Over Manhattan's Mark Hotel Dealt Setback

Thursday, 25 June 2020

Anthony Palladino Joins Marcus & Millichap's Portland, Ore., Office

Thursday, 25 June 2020

Alliant Credit Union Lends $20.8Mln Against Atlanta-Area Apartments

Thursday, 25 June 2020

JLL Originates $28Mln Fannie Loan Against Suburban Minneapolis Apartments

Wednesday, 24 June 2020

U.S. Hotels See 10th Straight Week of Incremental Improvement

Wednesday, 24 June 2020

Steadfast Apartment REIT Gets $158.3Mln of Fannie Financing for 7 Properties

Wednesday, 24 June 2020

Berkadia Writes $27.45Mln of Fannie Mae Financing for 2 Ala. Apartments

Wednesday, 24 June 2020

Heitman Tops $8Bln for Open-End Fund

Wednesday, 24 June 2020

JLL Names Karen Brennan CFO

Tuesday, 23 June 2020

Bill Millichap Succumbs to Cancer

Tuesday, 23 June 2020

Watermark Lines Up $33Mln Loan to Develop Ariz. Apartments

Tuesday, 23 June 2020

Citizens Bank Leads $575Mln Construction Loan for Office, Lab Properties in Boston

Tuesday, 23 June 2020

Kroll's List of Risky CMBS Loans Continues to Balloon; Coronavirus to Blame

Tuesday, 23 June 2020

SL Green Gets $510Mln Mortgage for Manhattan's 220 East 42nd St.

Tuesday, 23 June 2020

Todd Hargreaves Named Chief Investment Officer of Service Properties Trust

Tuesday, 23 June 2020

VEREIT Rent Collections Slip to 82 Percent in June Through Mid-Month

Monday, 22 June 2020

PGIM Writes $73Mln Freddie Loan Against Suburban D.C. Apartments

Monday, 22 June 2020

Knighthead Lends $26.9Mln for Portfolio of Dallas Industrial Buildings

Monday, 22 June 2020

Evergreen Buys Aurora, Colo., Apartments for $46Mln

Monday, 22 June 2020
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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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