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

General

Hampshire-Led Venture Secures Construction Loan for Netcong, N.J., Apartments

Monday, 23 September 2019

BofA Provides $425Mln Loan Against Fairmont Hotel in Austin, Texas

Friday, 20 September 2019

Lancaster, Calif., Apartment Complex Sells for $132Mln

Friday, 20 September 2019

Phillips Edison Hires Brian Gibson as Senior VP of Finance

Friday, 20 September 2019

D.C.'s Kimpton Rouge Hotel Trades for $42Mln

Thursday, 19 September 2019

Hunt Real Estate Writes $37.9Mln Freddie Loan Against Navarre, Fla., Apartments

Thursday, 19 September 2019

RedPeak Buys Denver Apartment Building for $14.55Mln

Thursday, 19 September 2019

Tara Marszewski Named CFO of Waterton Associates

Thursday, 19 September 2019

Venture Secures $49Mln Loan Against Office, Retail Property in Brooklyn, N.Y.

Thursday, 19 September 2019

Avison Young Hires Andrew Genova as Principal

Thursday, 19 September 2019

Madison Realty Lends $23.7Mln Against Manhattan Office, Retail Property

Wednesday, 18 September 2019

Accesso Partners Names Brad Barefoot CFO

Wednesday, 18 September 2019

$44Mln Loan Against Watertown, N.Y., Mall Goes to Special Servicing

Wednesday, 18 September 2019

Suburban Seattle Apartments Sell for $78.75Mln

Wednesday, 18 September 2019

Parkway Raises $25Mln Through CrowdStreet to Buy, Renovate Atlanta Office Building

Wednesday, 18 September 2019

FCP Pays $23.2Mln for Atlanta Apartment Property

Tuesday, 17 September 2019

Stirling Buys Shopping Center Near Pensacola, Fla., for $26Mln

Tuesday, 17 September 2019

Arlington Plaza Office Building in Suburban D.C. Sold for $57.5Mln

Tuesday, 17 September 2019

200-Unit Apartment in Phoenix Sold for $26.1Mln

Tuesday, 17 September 2019

$43.6Mln CMBS Loan Against Iowa Mall Moves to Special Servicer

Tuesday, 17 September 2019

INITIAL PRICING: GS Mortgage Securities Corp. II, 2019-GC42

Monday, 16 September 2019

Boston's 1 Bulfinch Place Sells for $39Mln

Monday, 16 September 2019

PREIT Names Mario Ventresca CFO, Executive VP

Monday, 16 September 2019

2 Manhattan Apartment Properties Sell for $100Mln

Monday, 16 September 2019

Ladder Capital Lends $53Mln Against Offices Near Manhattan's Hudson Yards

Monday, 16 September 2019

Life Companies See Potential for Big Growth in Multifamily Lending

Monday, 16 September 2019

CMBS Trust Takes Central Pennsylvania Mall Through Foreclosure

Monday, 16 September 2019

Berkadia Writes $43.5Mln Freddie Mac Loan for Apartments in Orlando, Fla., Area

Monday, 16 September 2019

INITIAL PRICING: BANK, 2019-BNK20

Friday, 13 September 2019

Seagis Property Pays $33.5Mln for 2 Warehouses in Brooklyn, Queens, N.Y.

Friday, 13 September 2019

Senior Living Property in Indianapolis Suburb Sold for $61Mln

Friday, 13 September 2019

New York Life Lends $450Mln Against Blackstone Industrial Properties

Friday, 13 September 2019

Safehold to Buy Ground Beneath Manhattan's 195 Broadway

Friday, 13 September 2019

Strategic Realty Buys Suburban Washington, D.C., Apartments for $45.8Mln

Friday, 13 September 2019

Dallas-Area Apartment Property Gets Recapitalized by Crowdfunded REIT

Friday, 13 September 2019

Northwestern Mutual Pays $103.5Mln for Tampa, Fla., Apartments

Thursday, 12 September 2019

CWCapital Offers for Sale Anaheim, Calif., Sheraton Park Hotel

Thursday, 12 September 2019

Kennedy Wilson, Life Insurer Team Up to Buy Seattle Office Property for $227Mln

Thursday, 12 September 2019

Manhattan Student-Housing Property Trades for $101Mln

Thursday, 12 September 2019

CMBS Debt Against Poughkeepsie Galleria Gets Pinched

Thursday, 12 September 2019

Lexington Realty Pays $180Mln for 3 Industrial Buildings in Suburban Cincinnati

Thursday, 12 September 2019

Argentic Lends $61Mln Against Chicago Extended-Stay Hotel

Thursday, 12 September 2019

Largo, Fla., Apartments Trade for $29.5Mln

Wednesday, 11 September 2019

LCN Capital Pays $147.25Mln for Farmers Insurance Complex in Mich.

Wednesday, 11 September 2019

Research Office Campus in Thousand Oaks, Calif., Sold for $26Mln

Wednesday, 11 September 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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