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

General

M&T Bank Lends $66.9Mln Against Manhattan Hotel

Friday, 09 August 2019

Bridge Lenders Embrace Libor Floors as Rate Risk Mitigant

Friday, 09 August 2019

Big Drops in Collateral Appraised Values Prompt Kroll Downgrade of WFRBS 2014-C22

Friday, 09 August 2019

Medical-Office Building in Tarzana, Calif., Sold for $22Mln

Thursday, 08 August 2019

Apartment Development Site in Seattle Sold for $72Mln

Thursday, 08 August 2019

Venture Pays $139.85Mln for 2 Hotels, 1 Apartment Property in Miami Beach, Fla.

Thursday, 08 August 2019

378-Unit Apartment Property in Greenville, S.C., Sells for $47Mln

Thursday, 08 August 2019

Five Star Senior Living Names Margaret Wigglesworth COO, SVP

Thursday, 08 August 2019

First Financial Brings Follow-Up Offering of Ukraine Assets to Market

Thursday, 08 August 2019

Federal Realty to Sell Land at Calif. Retail Center for $155Mln

Thursday, 08 August 2019

CMBS Yields Drop to Near Record Lows as Treasurys Continue to Rally

Thursday, 08 August 2019

Harbert Management Aims for $800Mln Real Estate Fund

Thursday, 08 August 2019

Armada Hoffler Pays $105Mln for 2 Virginia Beach, Va., Shopping Centers

Wednesday, 07 August 2019

1Mln-SF Industrial Property in Riverside, Calif., Sold for $94.2Mln

Wednesday, 07 August 2019

Martin Stein to Retire as CEO of Regency Centers; Lisa Palmer Named Successor

Wednesday, 07 August 2019

Realty Income Buys $1.1Bln of Properties in 2Q

Wednesday, 07 August 2019

Hunt Real Estate Writes $35.8Mln Fannie Loan Against Doylestown, Pa., Apartments

Wednesday, 07 August 2019

BofA Lends $94Mln for Large Industrial Portfolio in Rockland County, N.Y.

Wednesday, 07 August 2019

INITIAL PRICING: Citigroup Commercial Mortgage Trust, 2019-GC41

Wednesday, 07 August 2019

Taurus Investment Buys Atlanta Apartments for $36.5Mln

Tuesday, 06 August 2019

155,664-SF Retail Property in Greenwood Village, Colo., Sold $26.5Mln

Tuesday, 06 August 2019

Nationwide Lends $51Mln for Purchase of Manhattan Retail Condo

Tuesday, 06 August 2019

Square Mile Lends $167Mln Against Atlanta's Recently Renamed Salesforce Tower

Tuesday, 06 August 2019

Ladder Capital Generated 4.58 Percent Margin from Conduit Lending in 2Q

Tuesday, 06 August 2019

Ladder Capital Not Seen Tapping CLO Market Anytime Soon

Tuesday, 06 August 2019

White Lodging-Led Venture Buys San Antonio Hotel for $34Mln

Tuesday, 06 August 2019

Kensico Pays $67Mln for Office/Retail Building in Tony Greenwich, Conn.

Tuesday, 06 August 2019

CMBS Delinquency Rate Improves in July; Legacy Universe Dwindling

Tuesday, 06 August 2019

INITIAL PRICING: Wells Fargo Commercial Mortgage Trust, 2019-C52

Tuesday, 06 August 2019

L.A. Shopping Center with 463,000 SF Fetches $325Mln

Monday, 05 August 2019

306-Unit Apartment Property in Stamford, Conn., Sells for $105Mln

Monday, 05 August 2019

TD Bank Lends $20.4Mln for Purchase of Tampa, Fla., Office Property

Monday, 05 August 2019

Apple Bank Lends $42.5Mln Against 98-Unit Apartment Property in Manhattan

Monday, 05 August 2019

Passco Pays $58Mln for Augusta, Ga., Apartments

Monday, 05 August 2019

Starwood REIT Pays $86.7Mln for Suburban Washington, D.C., Apartments

Friday, 02 August 2019

112,966-SF Industrial Building in Denver Trades for $22Mln

Friday, 02 August 2019

Developer Secures $40Mln Loan Against Alexandria, Va., Apartment Project

Friday, 02 August 2019

Longfellow Pays $405Mln for 18 Life-Sciences Buildings in North Carolina

Friday, 02 August 2019

AvalonBay Pays $43.45Mln for Suburban Washington, D.C., Apartment Property

Friday, 02 August 2019

CBL Writes Down Value of Eastgate Mall by $33.3Mln

Friday, 02 August 2019

AIG Lends $43Mln Against Manhattan's Cameo Apartments

Thursday, 01 August 2019

TruAmerica Pays $77.26Mln for Phoenix Apartment Property

Thursday, 01 August 2019

Eastdil Secured Hires Andy Wimsatt from CBRE Hotels

Thursday, 01 August 2019

Portfolio of 6 Select-Service Hotels Sold for $135Mln

Thursday, 01 August 2019

JLL Income Pays $72Mln for Phoenix-Area Apartments

Thursday, 01 August 2019

Carroll Organization Raises Capital for Latest Investment Fund

Thursday, 01 August 2019

Camden Property Trust Promotes H. Malcolm Stewart to President

Wednesday, 31 July 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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