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

General

New York Mortgage Trust Sells Off Entire Freddie B-Piece Portfolio

Thursday, 28 May 2020

Brookfield/Waterman Venture Completes Leasehold Purchase at Manhattan's 390 Park

Wednesday, 27 May 2020

Signature Bank Lends $38.5Mln Against Bronx, N.Y., Apartment Building

Wednesday, 27 May 2020

Marcus & Millichap Adds Office, Industrial Chops in Phoenix

Wednesday, 27 May 2020

Hartford Investment Lends $85Mln Against Boston-Area Apartments

Wednesday, 27 May 2020

JLL Writes $46.9Mln Freddie Loan Against Suburban Boston Apartment Property

Tuesday, 26 May 2020

Microsoft to Fully Occupy 523,000-SF Office Building in Atlanta

Tuesday, 26 May 2020

Western Wealth Buys Phoenix Apartments for $20.7Mln

Tuesday, 26 May 2020

Zurich Fund Pays $46.75Mln for South Fla. Whole Foods Retail Center

Tuesday, 26 May 2020

Venture Pays $47.4Mln for Suburban Washington, D.C., Office Building

Tuesday, 26 May 2020

Ashford Affiliate Braemar Hotels Stops Paying Mortgages

Friday, 22 May 2020

Ryman Aborts Proposed $275Mln Buy of Austin, Texas' Block 21; Loses $15Mln

Friday, 22 May 2020

Decron Buys Northern Calif. Apartment Property for $71.5Mln

Thursday, 21 May 2020

Property Prices Climbed in April, But Sales Volume Plunged by 71 Percent

Thursday, 21 May 2020

David Grissen, President of the Americas at Marriott, Plans to Retire

Thursday, 21 May 2020

CMBS Special Servicer Puts Boca Raton, Fla., Office Up for Sale

Thursday, 21 May 2020

Apple Hospitality: Occupancy Not High Enough to Cover Costs

Thursday, 21 May 2020

Hotel Occupancy Improves by 54 Percent Since Trough

Wednesday, 20 May 2020

Tenants at Properties Backing Some Loans in Upcoming Conduit Got Rent Deferrals

Wednesday, 20 May 2020

Brookfield Pays $24.7Mln for Portfolio of Outside-Storage Industrial Properties

Wednesday, 20 May 2020

Nationwide Lends $26.4Mln Against Charlotte, N.C., Apartments

Tuesday, 19 May 2020

Court Gives Green Light to Mezzanine Lender's Foreclosure Effort

Tuesday, 19 May 2020

Bluerock Residential Makes $22Mln Preferred Investment in Fla., Ga. Apartments

Tuesday, 19 May 2020

Nate Troup Resigns as CFO of Red Lion Hotels

Monday, 18 May 2020

CORE Real Estate Capital Hires Eric Henrickson as VP of Acquisitions

Monday, 18 May 2020

Loan-Buying Opportunities Remain Few, But Should Increase

Monday, 18 May 2020

Apartment Rent Payments in First Half of May Reach 87.7 Percent, Outpace April

Monday, 18 May 2020

RLJ Saw 88.4 Percent Drop in April RevPAR at Hotels That Were Open

Friday, 15 May 2020

Albertsons Grocery Store in San Diego Sells for $22Mln

Friday, 15 May 2020

Capital One Lends $75Mln Against Bronx, N.Y., Shopping Center

Friday, 15 May 2020

South Amboy, N.J., Apartments Trade for $43.6Mln

Friday, 15 May 2020

CoStar to Pay $190Mln for Ten-X Commercial Auction Platform

Friday, 15 May 2020

Kimco Collected 60.4 Percent of April Rent

Thursday, 14 May 2020

Mezzanine Lender Looks to Reverse Court Order Halting Foreclosure Auction

Thursday, 14 May 2020

TPG Real Estate Sells All CLO Bonds, Warns of Continuing as Going Concern

Thursday, 14 May 2020

Macerich Collected 26 Percent of April Rents

Thursday, 14 May 2020

Eastern Union Reduces Fees for Arranging Fannie, Freddie Multifamily Transactions

Wednesday, 13 May 2020

Bluerock Gets $43Mln Mortgage for Charlotte, N.C., Apartments

Wednesday, 13 May 2020

Greystone Writes $65Mln Freddie Mac Loan for Queens, N.Y., Apartments

Wednesday, 13 May 2020

Louisville, Ky., Apartments Sell for $22Mln; Seller Funds Rental Guarantee Escrow

Wednesday, 13 May 2020

Preferred Apartment Collects 92 Percent of April Rent

Tuesday, 12 May 2020

Park Hotels Sees 22.6 Percent Drop in First-Quarter RevPAR

Tuesday, 12 May 2020

St. Louis' One AT&T Center Seen Selling

Tuesday, 12 May 2020

Philadelphia-Area Retail Center Draws Crowds of Investors

Tuesday, 12 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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