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

General

INITIAL PRICING: Morgan Stanley Capital I Trust, 2018-H4

Friday, 14 December 2018

TH Real Estate Closes Industrial Fund After Raising More Than $330Mln

Friday, 14 December 2018

Tenant Exits Prompt Special Servicing Transfer of $44.1Mln CMBS Loan on Calif. Retail Center

Friday, 14 December 2018

Resource Non-Traded REIT Pays $25.85Mln for Dallas-Area Apartments

Friday, 14 December 2018

Pebblebrook Sells 2 Hotels for $135.8Mln; More Dispositions Planned

Thursday, 13 December 2018

Related Cos. Promotes David Zussman to CFO

Thursday, 13 December 2018

Denver Apartment Property Trades for $31Mln

Thursday, 13 December 2018

2 Suburban Boston Retail Centers Sell for $41.6Mln

Thursday, 13 December 2018

Real Capital Sees 2018 Property Sales Volumes Topping 2017's Total

Thursday, 13 December 2018

CMBS Loan Against Allentown, Pa.'s Plaza at PPL Center Sells for $18.4Mln

Thursday, 13 December 2018

Charles Dunn Brokers Join Kidder Mathews; Open West L.A. Office

Wednesday, 12 December 2018

Transwestern's Larry Thiel Joins HFF's Denver Office

Wednesday, 12 December 2018

Apartment Property in Austin, Texas, Sells for $30Mln

Wednesday, 12 December 2018

Suburban Orlando, Fla., Apartment Property Sells for $75.3Mln

Wednesday, 12 December 2018

Largest Remaining Loan in BSCMS 2007-PW15 Classified as In Foreclosure

Wednesday, 12 December 2018

Kidder Mathews Multifamily Team Jumps to IPA Seattle Office

Tuesday, 11 December 2018

Jacobson Buys 240-Unit Apartment Complex in Denver for $46.65Mln

Tuesday, 11 December 2018

Equus/iStar Team Sells Revitalized Office Complex in Scottsdale, Ariz., for $91.7Mln

Tuesday, 11 December 2018

Minneapolis Office Building Sells for $171Mln

Tuesday, 11 December 2018

MetLife Lends $179.8Mln Against Queens, N.Y., Apartment Complex

Tuesday, 11 December 2018

San Diego Retail Property Sells for $160Mln

Tuesday, 11 December 2018

Xenia Pays $53.5Mln for Atlanta Hotel

Tuesday, 11 December 2018

INITIAL PRICING: Benchmark Mortgage Trust, 2018-B8

Tuesday, 11 December 2018

Suburban Chicago Apartment Property Selling for $24.6Mln

Monday, 10 December 2018

Welltower Buys Los Angeles-Area Medical Offices for $30Mln

Monday, 10 December 2018

Allianz' Gary Phillips Joins Eastdil Secured as Managing Director

Monday, 10 December 2018

New York Life Lends $72Mln Against Seattle-Area Apartments

Monday, 10 December 2018

Principal Lends $41.5Mln Against Edison, N.J., Industrial Property

Monday, 10 December 2018

Venture Pays $845Mln for Exchange Place Office Building in Boston

Monday, 10 December 2018

INITIAL PRICING: Wells Fargo Commercial Mortgage Trust, 2018-C48

Monday, 10 December 2018

Venture Pays $269Mln for Manhattan Office Building

Friday, 07 December 2018

Singapore Investment Manager Enters U.S. with Purchase of 38 Hyatt Hotels

Friday, 07 December 2018

Somera Road Buys Modesto, Calif., Retail Center from CMBS Trust

Friday, 07 December 2018

$215.1Mln CMBS 2.0 Loan on Offices Near Washington, D.C., Moves to Special Servicing

Friday, 07 December 2018

Global Net Lease Pays $126.6Mln for Suburban Detroit Industrial Building

Thursday, 06 December 2018

Mosaic Real Estate Lends $50.9Mln Against Los Angeles Hotel Conversion

Thursday, 06 December 2018

3 Rock Hill, S.C., Apartments Sell for $30.3Mln

Thursday, 06 December 2018

Volume of CMBS Delinquencies Drops in November After Unusual Increase in October

Thursday, 06 December 2018

Ares Raises $1.04Bln for Latest Value-Add Real Estate Fund

Thursday, 06 December 2018

Suburban Boston Distribution Facility Trades for $25.1Mln

Thursday, 06 December 2018

Chatham Lodging Pays $49Mln for Downtown Dallas Courtyard by Marriott

Thursday, 06 December 2018

Pebblebrook Sells Grand Hotel Minneapolis for $30Mln

Thursday, 06 December 2018

Dinerstein Buys Nashville, Tenn., Apartments, Carves Out Ground Lease

Wednesday, 05 December 2018

Suburban Minneapolis Apartments Sell for $95.1Mln

Wednesday, 05 December 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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