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

General

Last Asset in 2004 CMBS Deal Gets Sold for 21.6 Percent of Par

Tuesday, 12 May 2020

Nationwide Lends $26.7Mln Against Boulder, Colo., Shopping Center

Monday, 11 May 2020

Mall Owner Brookfield Property Collects Only 20 Percent of April Rents

Monday, 11 May 2020

Brixmor Collected 66.2 Percent of April Rent

Monday, 11 May 2020

Penner: Commercial Real Estate Recession Could Last 3 Years

Monday, 11 May 2020

Large CMBS Loan Against Lord & Taylor, Saks Stores Misses April Payment

Monday, 11 May 2020

219-Unit Apartment Property in Suburban Washington, D.C., Sells for $58.9Mln

Friday, 08 May 2020

Hilton Sees 90 Percent RevPAR Drop in April

Friday, 08 May 2020

Retail Properties of America Collected 52.4 Percent of April Rent

Friday, 08 May 2020

Priderock Buys Northglenn, Colo., Apartments for $83Mln

Friday, 08 May 2020

Realty Income Says April Rent Collections Were 82.9 Percent, Expects May to Be Worse

Friday, 08 May 2020

INITIAL PRICING: GS Mortgage Securities Corp. II, 2020-GC47

Thursday, 07 May 2020

Mission Capital's Will Sledge Leaves to Pursue Other Opportunities

Thursday, 07 May 2020

Shopping Center in Escondido, Calif., Sold for $13.25Mln

Thursday, 07 May 2020

Commercial Mortgage Lending Was Strong in 1Q Until Coronavirus, Then It Plunged

Thursday, 07 May 2020

Ladder Capital Bulks Up Cash Position in April, De-Leverages Portfolio

Thursday, 07 May 2020

Greensboro, N.C., Apartments Trade for $49Mln

Thursday, 07 May 2020

Hotel Fundamentals Tick Up as Certain Markets Lift Lockdown Restrictions

Wednesday, 06 May 2020

Vornado Collected 83 Percent of April Rent

Wednesday, 06 May 2020

Signature Bank Lends $119Mln Against Manhattan Apartments

Wednesday, 06 May 2020

Fortress Sells San Diego Grocery Store for $27.7Mln

Wednesday, 06 May 2020

Starwood Sees Slowdown in Lending in 1Q, Reworks Hotel Loan Credits

Wednesday, 06 May 2020

Vornado Still Interested in Redeveloping Manhattan's 350 Park Ave.

Tuesday, 05 May 2020

UDR Inc. Sells Kirkland, Wash., Apartment Building for $92.7Mln

Tuesday, 05 May 2020

Venture Buys Stake in Manhattan's One Madison Ave.

Tuesday, 05 May 2020

Capital One Writes $47.2Mln Fannie Loan for Durham, N.C., Apartments

Tuesday, 05 May 2020

Bay Area Apartments with 102 Units Sold for $26.8Mln

Tuesday, 05 May 2020

Goldman Sachs, Citi Launch First Public Conduit Since Early March

Tuesday, 05 May 2020

Valley National Lends $38Mln Against Brooklyn, N.Y., Apartment Property

Monday, 04 May 2020

National Retail Properties Collected 52 Percent of April Rent

Monday, 04 May 2020

$168Mln Sale of 6 Apartment Properties in N.J., N.Y. Falls Apart

Monday, 04 May 2020

Borrowers Behind Another $48.5Bln of CMBS Loans Inquire About Relief

Monday, 04 May 2020

Fannie Mae Funded $14.1Bln of Multifamily Loans in 1Q

Monday, 04 May 2020

Boston Properties Sells $1.25Bln of Unsecured Notes

Monday, 04 May 2020

Boston Properties Positions Itself for Opportunities Post-Coronavirus

Friday, 01 May 2020

Shopping Center REIT's April Rent Collections Come In at 50 Percent

Friday, 01 May 2020

Cousins Gets Term Extension for Loan Against N.C. Mixed-Use Complex

Friday, 01 May 2020

Boston Properties Sees 95 Percent Overall Rent Collections; Retail Collections Plunge

Friday, 01 May 2020

PS Business Parks Sees 10 Percent Drop in Rent Collections in April

Friday, 01 May 2020

Blackstone Mortgage Says In Talks with 20 Borrowers Over Possible Modifications

Thursday, 30 April 2020

Bank of China Lends $23Mln Against Manhattan Retail Condo

Thursday, 30 April 2020

InPoint Commercial Says Sold CMBS to Meet Margin Calls

Thursday, 30 April 2020

Starwood Real Estate Says Hotel Occupancy Plunged to 19 Percent

Thursday, 30 April 2020

Freddie, Fannie So Far Strike Forbearance Agreements on $2.1Bln of Loans

Thursday, 30 April 2020

Coronavirus Drops Hotel Profitability 101 Percent in March

Thursday, 30 April 2020

Nuveen Raises $1.1Bln for Core-Plus Real Estate Debt Fund

Wednesday, 29 April 2020

Alexandria Reduces 2020 Spending Plan by Nearly $1Bln

Wednesday, 29 April 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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