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

General

Passco Buys 300-Unit Apartment Community in Florida's Panhandle for $63.45Mln

Monday, 24 June 2019

Oaktree, TruAmerica Pay $59.2Mln for Suburban Atlanta Apartments

Monday, 24 June 2019

FPA Buys Suburban Boston Apartments for $130Mln

Monday, 24 June 2019

Eastdil Secured Adds Will Silverman, Matt McCoy

Monday, 24 June 2019

Venture Pays $43Mln for Suburban Birmingham, Ala., Apartment Property

Monday, 24 June 2019

Broadshore Hires Elaine Philis to Oversee Capital-Raising Efforts

Monday, 24 June 2019

Orlando, Fla., Apartments Sell for $32.5Mln

Monday, 24 June 2019

INITIAL PRICING: Wells Fargo Commercial Mortgage Trust, 2019-C51

Monday, 24 June 2019

DBRS' Detlef Schultz Seen Taking Top Post at Morningstar Credit Ratings

Thursday, 20 June 2019

CrossHarbor Writes $142Mln Construction Loan with Expanding Debt Fund

Wednesday, 19 June 2019

Carter Multifamily Pays $84.3Mln for 6 Apartments in Savannah, Ga., Area

Wednesday, 19 June 2019

New York Life Lends $220Mln Against Recently Built Denver Office

Wednesday, 19 June 2019

Concord Capital Pays $17.3Mln for 60-Unit Apartment Property in Calif.

Wednesday, 19 June 2019

Wells Fargo Lends $38Mln Against Manhattan Apartment Project

Wednesday, 19 June 2019

Citizens Bank Lends $435Mln Against Boston Office Project

Wednesday, 19 June 2019

First Republic Lends $25Mln Against Manhattan Office Building

Wednesday, 19 June 2019

Industry Vet John Raggio Joins Eyzenberg & Co. as MD

Wednesday, 19 June 2019

ASB Real Estate Pays $26.3Mln for Tampa, Fla., Warehouse

Wednesday, 19 June 2019

INITIAL PRICING: CSAIL Commercial Mortgage Trust, 2019-C16

Wednesday, 19 June 2019

Lennar Pays $36.6Mln for Arcadia, Calif., Shopping Center; Plans Residential Conversion

Wednesday, 19 June 2019

Orlando, Fla., Apartments Sell for $74.7Mln

Wednesday, 19 June 2019

101 North Tryon in Charlotte, N.C., Sells for $132.3Mln

Tuesday, 18 June 2019

Tampa Office Building Sells for $52.05Mln

Tuesday, 18 June 2019

Standard Chartered Lends $62.7Mln Against Brooklyn, N.Y., Hotel

Tuesday, 18 June 2019

Natixis Lends $550.2Mln Against Los Angeles' Wilshire Courtyard Office

Tuesday, 18 June 2019

Largest Loan in 2016 CMBS Conduit Deal Falls Delinquent, Gets Transferred to Special Servicer

Tuesday, 18 June 2019

Cambridge Savings Lends $30.9Mln Against North Attleboro, Mass., Apartment Project

Tuesday, 18 June 2019

Phoenix Apartments Sell for $14.7Mln

Monday, 17 June 2019

Rexford Pays $18.2Mln for Inland Empire Industrial Development Site

Monday, 17 June 2019

American Equity Pays $38Mln for N.J. Office

Monday, 17 June 2019

Bell Partners Pays $74.7Mln for Arlington, Va., Apartment Property

Monday, 17 June 2019

Morgan Stanley Lends $53.6Mln Against N.J. Office

Monday, 17 June 2019

Brooklyn, N.Y., Office Building Sells for $56Mln; Gets $33.6Mln Loan

Monday, 17 June 2019

TD Bank Invests In, and Lends Against Affordable Tampa-Area Apartments

Monday, 17 June 2019

CMBS Loan Against Marriott Houston Westchase Sees $17.5Mln Appraisal Reduction

Monday, 17 June 2019

Rreef Lines Up $17.6Mln Loan Against Chicago Retail Property

Friday, 14 June 2019

Armada Hoffler Buying Baltimore Office Building for $101Mln

Friday, 14 June 2019

FCP Buys 286-Unit Apartment Property in Philadelphia for $117.9Mln

Friday, 14 June 2019

New York Legislators Agree on Sweeping Changes to Rent Regulation

Friday, 14 June 2019

Citi Leads $1.52Bln Loan Against Colony Capital Healthcare Portfolio

Friday, 14 June 2019

Security Properties Buys Apartments Near Tacoma, Wash., for $41.5Mln

Friday, 14 June 2019

164-Unit Apartment Property in Tempe, Ariz., Sold for $24Mln

Thursday, 13 June 2019

Developers Lines Up $121.3Mln Construction Loan for Miami-Area Mixed-Use Project

Thursday, 13 June 2019

NKF Hires Lauren Tabeek to Co-Lead Southern Nevada Retail Division

Thursday, 13 June 2019

FCP Acquires Atlanta Apartments for $40Mln

Thursday, 13 June 2019

Houston's Three Westlake Office Building Sees Value Cut by One-Third to $41Mln

Thursday, 13 June 2019

Salem, Mass., Mixed-Use Property Sells for $69.7Mln; Gets $58Mln Loan

Thursday, 13 June 2019

INITIAL PRICING: JPMorgan Chase Commercial Mortgage Securities Corp., 2019-COR5

Thursday, 13 June 2019

Data Digest

 

CMBS DELINQUENCY VOLUME

dqdataFP1

 

CMBS SPECIAL SERVICING VOLUME

sschartfp

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

 

cppichart FP

 

 

CMBS 2.0 Spreads

AAAspreads

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
warehouse-backstage