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

General

Terwilliger Pappas Sells 275-Unit Apartment Property in Charlotte, N.C., for $57.3Mln

Wednesday, 12 June 2019

PGIM Lends $111Mln Against 2 Austin, Texas, Apartments

Wednesday, 12 June 2019

CREFC Celebrates 25th Anniversary at Annual Conference in Midtown Manhattan

Wednesday, 12 June 2019

Extensia Adds Jan Hood as Business Development Officer

Wednesday, 12 June 2019

Santander, City National Lend $70Mln for Construction of Brooklyn, N.Y., Apartments

Wednesday, 12 June 2019

Tishman Forms Venture with Ontario Fund Manager to Pursue Value-Add Investments

Wednesday, 12 June 2019

Cushman & Wakefield Tapped to Sell Bergen County, N.J., Apartments

Tuesday, 11 June 2019

Douglas Emmett Buys L.A. Mixed-Use Property for $365Mln

Tuesday, 11 June 2019

Knighthead Lends $34Mln to Remake Shuttered Raleigh, N.C., Mall into Office Space

Tuesday, 11 June 2019

Equus Sells 11 Apartment Properties to Investcorp for $370Mln

Tuesday, 11 June 2019

Lennar Raises $1.3Bln for Follow-Up Multifamily Investment Fund

Tuesday, 11 June 2019

Eastdil Secured Strikes Management-Led Buyout Deal

Tuesday, 11 June 2019

TruAmerica-Led Venture Pays $152Mln for Large Apartment Property in Las Vegas

Tuesday, 11 June 2019

249-Unit Apartment Property in Seattle's Central District Sells for $91.75Mln

Monday, 10 June 2019

Affordable-Apartment Portfolio in Central Valley, Calif., Sells for $37Mln

Monday, 10 June 2019

Atlanta-Area Apartments Sell for $31.25Mln; Berkadia Arranges Equity, Debt

Monday, 10 June 2019

Greystone Names Jerry Lam Chief of Credit for Small-Balance Platform

Monday, 10 June 2019

Fogelman Teams with DRA to Pay $47.75Mln for Atlanta Apartments

Monday, 10 June 2019

StoneBridge Gets $22.9Mln Freddie Loan Against Suburban Atlanta Apartments

Friday, 07 June 2019

Deutsche Bank Lends $25Mln Against Apartments in Manhattan's Tribeca

Friday, 07 June 2019

Pyramid Negotiates Extension of CMBS Loan on Destiny USA Mall

Friday, 07 June 2019

Seasoned CBRE Investment Sales Team in Vegas Moves to Cushman

Friday, 07 June 2019

Steadfast Gets $94.9Mln of Fannie Loans to Refinance Higher-Cost Floaters

Friday, 07 June 2019

Raintree Acquires Glendale, Calif., Apartment Portfolio for $79Mln

Thursday, 06 June 2019

SteelWave Buys Creative Office Space in Tustin, Calif., for $23.5Mln

Thursday, 06 June 2019

Developer Secures $415Mln of Construction Financing Against Manhattan Apartment Project

Thursday, 06 June 2019

Aareal Lends $105Mln Against Manhattan Office Complex

Thursday, 06 June 2019

Hart Realty Pays $30.3Mln for 2 Glastonbury, Conn., Office Buildings

Thursday, 06 June 2019

INITIAL PRICING: Morgan Stanley Capital I Trust, 2019-H6

Thursday, 06 June 2019

San Francisco Mixed-Use Building Gets $93Mln Construction Loan

Wednesday, 05 June 2019

JPMorgan Lends $46.5Mln Against Howell, N.J., Shopping Center

Wednesday, 05 June 2019

ASB Buys Fort Lauderdale, Fla., Warehouse for $38.2Mln

Wednesday, 05 June 2019

Brookfield Lends $93Mln to Facilitate Purchase of Oakland, Calif., Office

Wednesday, 05 June 2019

LoanCore Lends $85.7Mln Against Recently Built Apartments in South Florida

Wednesday, 05 June 2019

Tishman Adds Mike Wilbert to Bolster Select-Service Hotel Presence

Wednesday, 05 June 2019

Canyon Partners Makes $29.4Mln Equity Investment in Las Vegas Opportunity Zone Project

Wednesday, 05 June 2019

HFF Originates $171.2Mln Freddie Loan Against Chicago's North Harbor Tower

Tuesday, 04 June 2019

2 San Diego Industrial Buildings Sold for $33.05Mln

Tuesday, 04 June 2019

Blackstone to Pay $18.7Bln for Big Industrial Portfolio

Tuesday, 04 June 2019

Suburban Washington, D.C., Shopping Center Sells for $72Mln

Tuesday, 04 June 2019

PCCP Buys Portland, Ore., Office Complex for $96.5Mln

Tuesday, 04 June 2019

Suburban Atlanta Apartment Property Sells for $33.4Mln

Tuesday, 04 June 2019

Shopoff Names Edward Morrell CFO

Tuesday, 04 June 2019

Kansas City, Mo., Office Sells for $118.25Mln

Tuesday, 04 June 2019

Retail Value Sells Miami-Area Shopping Center for $62.2Mln

Tuesday, 04 June 2019

Real Capital Raises $115Mln, Buys Out DMG's Investment

Tuesday, 04 June 2019

HPT to Acquire 12Mln-SF Retail Portfolio for $2.4Bln

Tuesday, 04 June 2019

Vestar Venture Lines Up $96.9Mln Loan Against Salt Lake City Entertainment Complex

Tuesday, 04 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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