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

General

INITIAL PRICING: UBS Commercial Mortgage Securitization Corp., 2018-C10

Wednesday, 23 May 2018

Non-Traded REIT Paying $45.7Mln for 2 Industrial Buildings in Suburban Orlando, Fla.

Wednesday, 23 May 2018

Congress Passes Bill Lessening Burden of Dodd-Frank

Wednesday, 23 May 2018

CapitalSource Lends $82.3Mln for San Francisco Student-Housing Property

Wednesday, 23 May 2018

CIT Lends $107.5Mln for Construction of Oakland, Calif., Apartments

Wednesday, 23 May 2018

Starwood Gets $162.5Mln of Financing Against Manhattan Hotel

Wednesday, 23 May 2018

Fashion Outlets of Las Vegas Sees 80 Percent Drop in Appraised Value

Tuesday, 22 May 2018

Security Properties Partners with Oaktree on $59Mln Phoenix Apartment Buy

Tuesday, 22 May 2018

Swift Real Estate Pays $109.8Mln for San Francisco Office Space

Monday, 21 May 2018

First Industrial Pays $51Mln for 5 Properties in Orlando, Fla., San Diego and Seattle

Monday, 21 May 2018

MetLife Lends $68Mln Against San Jose, Calif., Offices

Monday, 21 May 2018

Atlanta-Area Apartments Sell for $32.5Mln

Monday, 21 May 2018

CBRE Adds 3 to N.J. Investment-Sales Team

Monday, 21 May 2018

HFF Writes $30.4Mln Freddie Loan for Georgia Student-Housing Property

Monday, 21 May 2018

Westwood Financial Pays $66.2Mln for Retail Centers in Atlanta, Phoenix Areas

Monday, 21 May 2018

Bentall Kennedy Hires Melanie Domres to Head U.S. Multifamily Asset Management Group

Monday, 21 May 2018

Starwood Buys Vertical, Horizontal Risk Pieces of Upcoming CMBS Conduit Deal

Monday, 21 May 2018

Washington, D.C., Office Building Sells for $54Mln

Monday, 21 May 2018

Pebblebrook Disappointed in LaSalle's Hookup with Blackstone; Sweetens Own Bid

Monday, 21 May 2018

Global Net Lease Pays $83Mln for 5 Industrial Buildings

Friday, 18 May 2018

NKF Markets for Sale 7-Property Portfolio on Behalf of Fund

Friday, 18 May 2018

Southern California Apts. Fetch $100Mln

Friday, 18 May 2018

CWCapital Offers Miss. Medical Office That Had Backed CMBS Loan

Friday, 18 May 2018

First National Bank Lends $23.8Mln Against Durham, N.C., Apartments

Friday, 18 May 2018

Mixed-Use Complex in La Jolla, Calif., Trades for $97.1Mln

Friday, 18 May 2018

BKM Capital Partners Nears Halfway Mark for Latest Industrial Investment Fund

Friday, 18 May 2018

1Q Lending Activity Grew by 1 Percent from A Year Ago

Thursday, 17 May 2018

Latest CMBS Conduit Deal Sees Tightest Spreads in Weeks

Thursday, 17 May 2018

Gilbert, Ariz., Retail Center Trades for $51.4Mln

Thursday, 17 May 2018

CMBS Loan Against Williams Center Towers in Tulsa, Okla., Transfers to Special Servicer

Wednesday, 16 May 2018

Non-Traded REIT Paying $58.5Mln for 7 Self-Storage Facilities in Texas

Wednesday, 16 May 2018

CalSTRS Funds Core-Investment Venture with DivcoWest

Wednesday, 16 May 2018

INITIAL PRICING: BANK, 2018-BNK12

Wednesday, 16 May 2018

Hana Turns to Deutsche Bank to Finance $290Mln Purchase of DreamWorks Complex

Wednesday, 16 May 2018

382-Unit Apartment Property in Phoenix Fetches $33.35Mln

Tuesday, 15 May 2018

Julianna Ingersoll Named President, CEO of Rreef Property Trust

Tuesday, 15 May 2018

Colliers to Buy 75 Percent Stake in Harrison Street Real Estate Capital

Tuesday, 15 May 2018

Miami's SunTrust International Center Trades for $127Mln

Tuesday, 15 May 2018

Stockbridge Pays $120Mln for South Florida Apartments

Tuesday, 15 May 2018

Southern Calif. Industrial Buildings Sell for $33Mln

Monday, 14 May 2018

Sale of Galleria at Pittsburgh Mills Spells $149.1Mln Loss to CMBS Trust

Monday, 14 May 2018

MetLife Lends $95.5Mln to Facilitate Purchase of Alexandria, Va., Apartments

Monday, 14 May 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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