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

General

Drop in Occupancy at Illini Tower Impacts Value, Prompts Morningstar Watchlisting

Tuesday, 02 July 2019

Suburban Tampa, Fla., Apartment Property Sold for $80Mln

Tuesday, 02 July 2019

MetLife Lends $63Mln Against Seattle Apartments

Tuesday, 02 July 2019

Target Hospitality Pays $30Mln for Texas Oil-Region Housing Properties

Tuesday, 02 July 2019

PGIM Lends $450Mln Against DRA-Owned Industrial Portfolio

Tuesday, 02 July 2019

JLL Completes $1.8Bln Buy of HFF

Tuesday, 02 July 2019

2 Hotels in Myrtle Beach, S.C., Trade for $156Mln

Tuesday, 02 July 2019

Bain Capital Raises $1.5Bln for Debut Real Estate Fund

Monday, 01 July 2019

164-Unit Apartment Complex in Glendale, Ariz., Trades for $19.75Mln

Monday, 01 July 2019

Tucson, Ariz., Office Building Sold for $27.15Mln

Monday, 01 July 2019

TruAmerica-Led Venture Pays $63.75Mln for Tampa-Area Apartments

Monday, 01 July 2019

3 Years After Purchase, New York Life Team Sells San Francisco Bay-Area Office

Monday, 01 July 2019

Square Mile Lends $46Mln Against Recently Built Houston Offices

Monday, 01 July 2019

Cushman's Elisabeth Troni Joins CBRE as Global Portfolio Strategist

Monday, 01 July 2019

Praedium Buys 306-Unit Apartment Complex in Gilbert, Ariz., for $73.6Mln

Friday, 28 June 2019

Suburban Raleigh, N.C., Apartments Sell for $46.5Mln

Friday, 28 June 2019

New York Life Pays $49.3Mln for 3-Building Industrial Portfolio in Greensboro, N.C.

Friday, 28 June 2019

Arch Street/Brennan Venture Raises $100Mln for Eighth Industrial Fund

Friday, 28 June 2019

Columbia, S.C., Seniors-Housing Facility Sells for $35Mln

Friday, 28 June 2019

KBS Realty's Peter Bren Passes Away

Friday, 28 June 2019

David Hollander, Neil King Promoted to Vice Chairmen at CBRE

Thursday, 27 June 2019

H.I.G. Realty Provides $31Mln Construction Loan for Seattle Mixed-Use Project

Thursday, 27 June 2019

MIG Real Estate Acquires Scottsdale, Ariz., Apartments for $34.5Mln

Thursday, 27 June 2019

2 Little Rock, Ark., Apartment Properties Sold for $22.1Mln

Thursday, 27 June 2019

Student-Housing Loans in CMBS 2.0 Don't Do Too Well; Investors Have Bid Up Sector

Thursday, 27 June 2019

INITIAL PRICING: GS Mortgage Securities Corp. II, 2019-GC40

Thursday, 27 June 2019

Acacia Capital Buys Scottsdale, Ariz., Apartments for $67Mln

Wednesday, 26 June 2019

Daniel J. Busch Joins InvenTrust as CFO, Executive Vice President

Wednesday, 26 June 2019

TD Bank Lends $46.6Mln Against Suburban Washington, D.C., Apartment Project

Wednesday, 26 June 2019

CrossHarbor Lends $95Mln Against Dallas Apartment Complex

Wednesday, 26 June 2019

Apple Hospitality Hires Rachael Rothman as CFO

Wednesday, 26 June 2019

ACORE Capital Raises $556Mln for Inaugural Fund; $2Bln in Separate Account

Wednesday, 26 June 2019

Altice Signs 103,133-SF Lease at One Court Square Office Building in Queens, N.Y.

Wednesday, 26 June 2019

UC Funds Lends $18Mln Against Apartments on Historic Site in Dallas

Wednesday, 26 June 2019

Mosaic Real Estate Lends $165Mln for Development of Park City, Utah, Resort

Wednesday, 26 June 2019

MetLife Lends $111.5Mln Against Boston Office/Lab Property

Wednesday, 26 June 2019

Griffis Buys 240-Unit Apartment Property in Denver for $72Mln

Tuesday, 25 June 2019

Cassena Care Gets $104.3Mln HUD Loan for Bronx, N.Y., Skilled-Nursing Facility

Tuesday, 25 June 2019

RAF Pacifica Buys Carlsbad, Calif., Office Building for $20.2Mln

Tuesday, 25 June 2019

Northwestern Mutual Pays $141.6Mln for Washington, D.C., Apartment Property

Tuesday, 25 June 2019

ValCap Group Pays $34Mln for Memphis-Area Apartments; Gets $25Mln Freddie Loan

Tuesday, 25 June 2019

Former AEW Exec Launches Value-Add Fund Targeting Middle-Market Properties

Tuesday, 25 June 2019

Recently Formed Faris Lee Unit Brokers Sale of Calif. Assisted-Living Property

Monday, 24 June 2019

Office Building in Coral Gables, Fla., Sells for $54.4Mln

Monday, 24 June 2019

Boston's Onyx Hotel Sells for $58.3Mln

Monday, 24 June 2019

JRK Property Buys Seattle-Area Apartments

Monday, 24 June 2019

Cigna Lends $58.3Mln Against Houston's 20 Greenway Plaza

Monday, 24 June 2019

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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