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

General

Life Companies See Potential for Big Growth in Multifamily Lending

Monday, 16 September 2019

CMBS Trust Takes Central Pennsylvania Mall Through Foreclosure

Monday, 16 September 2019

Berkadia Writes $43.5Mln Freddie Mac Loan for Apartments in Orlando, Fla., Area

Monday, 16 September 2019

INITIAL PRICING: BANK, 2019-BNK20

Friday, 13 September 2019

Seagis Property Pays $33.5Mln for 2 Warehouses in Brooklyn, Queens, N.Y.

Friday, 13 September 2019

Senior Living Property in Indianapolis Suburb Sold for $61Mln

Friday, 13 September 2019

New York Life Lends $450Mln Against Blackstone Industrial Properties

Friday, 13 September 2019

Safehold to Buy Ground Beneath Manhattan's 195 Broadway

Friday, 13 September 2019

Strategic Realty Buys Suburban Washington, D.C., Apartments for $45.8Mln

Friday, 13 September 2019

Dallas-Area Apartment Property Gets Recapitalized by Crowdfunded REIT

Friday, 13 September 2019

Northwestern Mutual Pays $103.5Mln for Tampa, Fla., Apartments

Thursday, 12 September 2019

CWCapital Offers for Sale Anaheim, Calif., Sheraton Park Hotel

Thursday, 12 September 2019

Kennedy Wilson, Life Insurer Team Up to Buy Seattle Office Property for $227Mln

Thursday, 12 September 2019

Manhattan Student-Housing Property Trades for $101Mln

Thursday, 12 September 2019

CMBS Debt Against Poughkeepsie Galleria Gets Pinched

Thursday, 12 September 2019

Lexington Realty Pays $180Mln for 3 Industrial Buildings in Suburban Cincinnati

Thursday, 12 September 2019

Argentic Lends $61Mln Against Chicago Extended-Stay Hotel

Thursday, 12 September 2019

Largo, Fla., Apartments Trade for $29.5Mln

Wednesday, 11 September 2019

LCN Capital Pays $147.25Mln for Farmers Insurance Complex in Mich.

Wednesday, 11 September 2019

Research Office Campus in Thousand Oaks, Calif., Sold for $26Mln

Wednesday, 11 September 2019

Rockefeller Group Hires Thomas Weeks as Executive VP, Head of Development

Wednesday, 11 September 2019

Mesa West Lends $32.1Mln Against Chicago-Area Industrial Property

Wednesday, 11 September 2019

Affordable Apartment Property in Atlanta Sells for $23.45Mln

Wednesday, 11 September 2019

Virginia Beach, Va., Retail Center Sells; Troubled CMBS Loan Gets Resolved

Wednesday, 11 September 2019

Owner of Fireman's Fund Complex in Calif. Talks Deed-in-Lieu of Foreclosure

Wednesday, 11 September 2019

Capital One Writes $31Mln of Freddie Mac Financing for 2 Tenn. Apartments

Wednesday, 11 September 2019

Acadia Buys Virginia Beach, Va., Shopping Center for $87Mln

Tuesday, 10 September 2019

Southern Land Forms Venture with GTIS to Develop $60Mln Vegas Apartment

Tuesday, 10 September 2019

Sonnenblick-Eichner Arranged $60Mln Loan for Luxury Resort in Big Sur, Calif.

Tuesday, 10 September 2019

Developer Secures $63Mln Loan Against Brooklyn, N.Y., Apartment Property

Tuesday, 10 September 2019

TruAmerica Makes First Investments in North Carolina

Tuesday, 10 September 2019

HCP Paying $332.5Mln for Cambridge, Mass., Life-Sciences Building

Tuesday, 10 September 2019

Phillips Edison to Acquire Another Non-Traded REIT Affiliate

Tuesday, 10 September 2019

Safehold to Pay $195Mln for Ground Lease at Hawaiian Resort

Tuesday, 10 September 2019

Jess Ranch Marketplace in Calif. Sold to JH Real Estate

Monday, 09 September 2019

BofA Lends $550Mln Against San Francisco's Park Tower at Transbay

Monday, 09 September 2019

Santander Lends $72.5Mln for Makeover of N.J. Retail Center

Monday, 09 September 2019

Boston Properties Pays $106Mln for 2 Suburban Boston Office Buildings

Monday, 09 September 2019

Citizens Bank Lends $37.9Mln Against Denver Office Complex

Monday, 09 September 2019

TA Realty Sells Suburban Boston Industrial Building for $25.7Mln

Monday, 09 September 2019

Hunt Real Estate Writes $15.75Mln Fannie Mae Loan on Ill. Apartments

Monday, 09 September 2019

Low Rates to Drive Record CRE Lending Volumes This Year, Next

Monday, 09 September 2019

Hartford Lends $40.5Mln Against Denver Office Property

Friday, 06 September 2019

Kroll Downgrades 2 Classes of JPMBB 2014-C18

Friday, 06 September 2019

CMBS Volumes in Special Servicing Drop Further, to Lowest Level in 10 Years

Friday, 06 September 2019

Suburban Phoenix Apartments Sell for $45.5Mln

Friday, 06 September 2019

Essex Property's Craig Zimmerman Retiring

Friday, 06 September 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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