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

General

Morningstar Pegs Value of SoHo Mixed-Use Building at 45 Percent Less Than Appraisal

Monday, 03 June 2019

Drop in Size of Legacy CMBS Universe Pushes Delinquency Rate Down in May

Monday, 03 June 2019

Blackstone Seeks $5Bln for Latest Real Estate Debt Fund

Monday, 03 June 2019

Strategic Office Buys 2-Building Campus in Thousand Oaks, Calif., for $41.35Mln

Monday, 03 June 2019

Northwestern Mutual Buys 319-Unit Apartment Building in San Francisco for $306.5Mln

Friday, 31 May 2019

Equity Residential Pays $103.5Mln for Rockville, Md., Apartment Property

Friday, 31 May 2019

Local Company Pays $17.25Mln for Seattle Development Site; Apartments Planned

Friday, 31 May 2019

Mack-Cali Forming Committee to Review Portfolio, Explore Potential Sale

Friday, 31 May 2019

Jay Johnson to Resign as DiamondRock’s CFO

Friday, 31 May 2019

ASB Lines Up $100Mln Loan Against San Francisco Office Building

Thursday, 30 May 2019

Lisa Williams Joins Dominium as VP of Property Management

Thursday, 30 May 2019

2 Hines REITs Reshuffle Executive Positions

Thursday, 30 May 2019

Suburban San Diego Mixed-Use Property Gets $31.85Mln Construction Loan

Thursday, 30 May 2019

Driftwood Gets $64.2Mln Loan from Morgan Stanley for San Diego Hotel

Thursday, 30 May 2019

Ares Real Estate Lends $41Mln Against Newly Built Apartments in Minn.

Wednesday, 29 May 2019

Graymark Pays $16.5Mln for San Diego Office Property

Wednesday, 29 May 2019

Morningstar to Acquire DBRS for $669Mln

Wednesday, 29 May 2019

KBS REIT II Sells 2 Office Properties in Florida, Missouri for $131.5Mln

Tuesday, 28 May 2019

Manhattan's 675 Ave. of the Americas Trades for $89Mln

Tuesday, 28 May 2019

White Eagle Pays $31.65Mln for Charlotte, N.C., Apartments

Tuesday, 28 May 2019

Pathfinder Buys Vancouver, Wash., Apartment Community for $29Mln

Friday, 24 May 2019

Western Wealth Buys Suburban Phoenix Apartment Complex for $22.6Mln

Friday, 24 May 2019

Starwood-Led Venture Pays $231Mln for 11 Office Buildings in Jacksonville, Fla.

Friday, 24 May 2019

$30Mln Loan Against Manhattan's 545 Madison Ave. Lands in Special Servicing

Friday, 24 May 2019

Detroit-Area Industrial Portfolio Sells for $83.7Mln

Thursday, 23 May 2019

Starlight Buys Orlando, Fla., Apartments for $73.5Mln

Thursday, 23 May 2019

Lori Hill Named Senior VP of Investor Management at Unico Properties

Thursday, 23 May 2019

INITIAL PRICING: Benchmark Mortgage Trust, 2019-B11

Thursday, 23 May 2019

CMBS Soldiers On as Trade War Fails to Slow Issuance

Thursday, 23 May 2019

Partnership Lines Up $20.5Mln Loan Against San Diego Mixed-Use Property

Wednesday, 22 May 2019

Waypoint Residential Hires Andrew Richardson as COO

Wednesday, 22 May 2019

Richard Caldwell Joins Credit Union Service Firm Seeking to Expand CRE Lending

Wednesday, 22 May 2019

Capital One Lends $68Mln to Fund Development at Former AstraZeneca Complex

Wednesday, 22 May 2019

INITIAL PRICING: BANK, 2019-BNK18

Tuesday, 21 May 2019

Starlight Buys 282-Unit Apartment Building in Scottsdale, Ariz., for $80.4Mln

Tuesday, 21 May 2019

CIT Bank Lends $48.2Mln Against Apartments in Colton, Calif.

Tuesday, 21 May 2019

Freddie Mac Plans Securitization of Green Advantage Loans

Tuesday, 21 May 2019

London Property Investor Pays $39.6Mln for Vacant Palm Beach, Fla., Hotel-Condo

Monday, 20 May 2019

153-Unit Multifamily Property in Mesa, Ariz., Trades for $27Mln

Monday, 20 May 2019

Bluerock Pays $80Mln for Sarasota, Fla., Apartments

Monday, 20 May 2019

Will Metzfield, Emily Rivers Join FCP as Senior Analysts

Monday, 20 May 2019

Basis Investment Group Raises $410Mln for First Commingled Fund

Monday, 20 May 2019

352-Unit Apartment Property in Suburban L.A. Sold for $63Mln

Monday, 20 May 2019

Occupancy Rates, NOI on the Rise at Kimco Properties

Monday, 20 May 2019

Venture Pays $136.25Mln for Suburban Seattle Apartments

Monday, 20 May 2019

INITIAL PRICING: BBCMS Mortgage Trust, 2019-C3

Sunday, 19 May 2019

Ashford Lines Up $240Mln Loan Against Hotels in N.J., Tenn.

Friday, 17 May 2019

Suburban Boston Shopping Center Sells for $85.7Mln

Friday, 17 May 2019

CMBS Trust Takes Central Pa. Mall in Foreclosure

Friday, 17 May 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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