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

General

Berkadia Writes $34.8Mln Fannie Loan Against North Little Rock, Ark., Apartments

Wednesday, 10 June 2020

Hotel Occupancy Keeps Inching Higher as Lockdowns Get Lifted

Wednesday, 10 June 2020

Kevin Keating Resigns as CFO, Treasurer of Steadfast Apartment REIT

Wednesday, 10 June 2020

Taubman Says Simon's Nixing of Acquisition is Invalid

Wednesday, 10 June 2020

Simon Axes Proposed Buy of Stake in Taubman

Wednesday, 10 June 2020

Lockdowns, Rising Unemployment Pushed Apartment Rents Lower in May

Tuesday, 09 June 2020

Admiral Capital Gets $41.3Mln of Financing for 2 Properties

Tuesday, 09 June 2020

Red Lion Hotels Names John J. Russell Jr. CEO

Tuesday, 09 June 2020

Capital One Lends $23.8Mln Against Manhattan Apartments

Tuesday, 09 June 2020

CREFC Unveils Latest Version of CMBS Investor Reporting Package

Tuesday, 09 June 2020

CBL Doubts Ability to Remain 'Going Concern'

Monday, 08 June 2020

Preferred Apartment Collects 93 Percent of May Rent

Monday, 08 June 2020

CREFC Partners with NYU's Schack Institute on Research, Programming Hub

Monday, 08 June 2020

Venture Gets $185.62Mln of Freddie Mac Financing for Phoenix-Area Apartments

Monday, 08 June 2020

Regency Centers Collects 58 Percent of May Rent

Friday, 05 June 2020

Kroll Downgrades 2 Classes of CFCRE 2017-C8

Friday, 05 June 2020

Suburban Boston Life-Sciences Property Sells for $35.9Mln

Friday, 05 June 2020

CMBS Trader Pasquale Cardone Leaving Citi

Friday, 05 June 2020

Realty Income Collects 82 Percent of May Rent, Down from April's 84.2 Percent

Friday, 05 June 2020

DiamondRock Nears Extension for $53Mln Mortgage Against Salt Lake City Hotel

Thursday, 04 June 2020

Greystone Writes $33Mln Fannie Mae Loan for Sausalito, Calif., Apartments

Thursday, 04 June 2020

Intercontinental Real Estate Partners on Seattle Office Development

Thursday, 04 June 2020

CMBS Loans Won't Be Big Opportunities As They Were After Last Crisis

Thursday, 04 June 2020

Sale of Military Circle Mall Generates 110 Percent Loss to $52.3Mln Loan

Thursday, 04 June 2020

South Florida Affordable-Housing Property Sells for $29.5Mln

Thursday, 04 June 2020

American Campus Sees Decline in Pre-Leasing for 2020-21 School Year

Wednesday, 03 June 2020

Hotel Rebound Continued Through May

Wednesday, 03 June 2020

Berkeley Point Writes $74.8Mln Freddie Loan Against Jacksonville, Fla., Apartments

Wednesday, 03 June 2020

CBL Misses June Payment on Unsecured Notes

Wednesday, 03 June 2020

Phoenix Industrial Portfolio Sold for $18Mln

Tuesday, 02 June 2020

Office Property in Malibu, Calif., Sold for $17.5Mln

Tuesday, 02 June 2020

Westbrook Pays $51Mln for Suburban Boston Industrial Property

Tuesday, 02 June 2020

Four Corners Collects 86 Percent of May Rents

Monday, 01 June 2020

Michael Briggs Named MBA's Chief Legal Officer

Monday, 01 June 2020

KBS REIT Provides Seller Financing for Salt Lake City Apartments

Monday, 01 June 2020

JLL Writes $32.25Mln Freddie Mac Loan for Apartments in Orlando, Fla., Area

Monday, 01 June 2020

Greystone Writes $29.9Mln Freddie Loan Against Suburban Indianapolis Apartments

Friday, 29 May 2020

AEW Raises More Than $300Mln for Latest Opportunity Fund

Friday, 29 May 2020

Walnut Creek, Calif., Apartment Portfolio Sold for $55.6Mln

Friday, 29 May 2020

Ashford Denied Payment Relief for $90.7Mln Loan Against D.C. Hotel

Friday, 29 May 2020

$6.4Bln of Freddie Mac Loans Receive Mortgage Payment Deferrals

Friday, 29 May 2020

Rubenstein Lends $29Mln Against Reston Metro Center One Near Washington, D.C.

Friday, 29 May 2020

Capital One Lends $28.8Mln Against Manhattan Apartments

Friday, 29 May 2020

Thorofare Capital Adds Jeffrey Scappini to New York Office

Thursday, 28 May 2020

Inland Real Estate Collects Only 36 Percent of May Rents

Thursday, 28 May 2020

Exantas Capital Sold Off All Its CMBS in Order to Eliminate Margin Calls

Thursday, 28 May 2020

INITIAL PRICING: Wells Fargo Commercial Mortgage Trust, 2020-C56

Thursday, 28 May 2020

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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