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

General

Portland, Ore., Apartment Property with 188 Units Sold for $58Mln

Wednesday, 31 July 2019

Suburban Boston Apartment Property Sells for $77Mln

Wednesday, 31 July 2019

Inland Private Capital to Buy Self-Storage Portfolio for $212Mln

Wednesday, 31 July 2019

Suburban Miami Apartments Sell for $30.3Mln

Tuesday, 30 July 2019

Portfolio of 5 Office Properties in Florida, Texas Trades for $375Mln

Tuesday, 30 July 2019

Tucson, Ariz., Apartment Complex Sold for $40.3Mln

Tuesday, 30 July 2019

Bell Partners Acquires Boston-Area Apartments for $52.2Mln

Tuesday, 30 July 2019

PCCP Lends $268.4Mln for Acquisition of 2 L.A. Apartment Buildings

Tuesday, 30 July 2019

Developer Secures $87.5Mln Construction Loan Against Boston Apartment Project

Monday, 29 July 2019

259,856-SF Office Property in Palo Alto, Calif., Sells for $205Mln

Monday, 29 July 2019

Monmouth Real Estate Pays $25.5Mln for Lafayette, Ind., Industrial Building

Monday, 29 July 2019

Vegas Apartment Complex with 312 Units Sold for $32.5Mln

Friday, 26 July 2019

Reno, Nev., Apartment Complex Sells for $37.55Mln

Friday, 26 July 2019

Madison Realty Closes More Than $1.3Bln Financing in 1H

Friday, 26 July 2019

Google Invests $50Mln in Silicon Valley Affordable-Housing Fund

Thursday, 25 July 2019

Starwood Property Taps CLO Market with $1.1Bln Deal

Thursday, 25 July 2019

Property Prices Keep Chugging Higher, Increase By 0.88 Percent in June

Thursday, 25 July 2019

Chesapeake Strikes Deal to Sell 2 Manhattan Hotels for $138Mln

Thursday, 25 July 2019

Colony Capital Takes Over Boston-Area Mall as Loan Defaults

Wednesday, 24 July 2019

Foreigners Seeking Visas Via EB-5 Program Face Heftier Investment Requirements

Wednesday, 24 July 2019

Milford, Mass., Warehouse Trades for $33.6Mln

Wednesday, 24 July 2019

PGIM Tops $1.7Bln of Loans Under Core-Plus Lending Program

Wednesday, 24 July 2019

Hamilton Zanze Pays $38.5Mln for D.C.-Area Apartments

Wednesday, 24 July 2019

Midtown Manhattan Office Sells for $37.25Mln

Wednesday, 24 July 2019

Monroe Township, N.J., Apartments Sell for $23Mln

Wednesday, 24 July 2019

Banyan Investment Pays $50Mln for 3 Madison, Wis., Hotels

Wednesday, 24 July 2019

Edward Fritsch to Retire as Highwoods CEO; Theodore Klinck Named Successor

Wednesday, 24 July 2019

INITIAL PRICING: BANK, 2019-BNK19

Wednesday, 24 July 2019

Capital One Writes $27.6Mln Fannie Loan Against Calif. Manufactured-Housing Property

Wednesday, 24 July 2019

New York Life Pays $71.8Mln for Palm Beach Gardens, Fla., Office Building

Tuesday, 23 July 2019

Umpqua Bank Lends $20.7Mln Against San Diego-Area Hotel

Tuesday, 23 July 2019

INITIAL PRICING: Benchmark Mortgage Trust, 2019-B12

Tuesday, 23 July 2019

Namdar Lines Up $33Mln Mortgage Against Acadiana Mall

Monday, 22 July 2019

Venture Buys Phoenix Apartment Complex for $32.25Mln

Monday, 22 July 2019

Investors Bank Lends $67.5Mln Against Manhattan Hotel

Monday, 22 July 2019

Stockbridge Pays $35.5Mln for Suburban Charleston, S.C., Industrial Building

Monday, 22 July 2019

Calmwater Capital Opens Office in Seattle

Monday, 22 July 2019

Kroll's K-LOC Index Increases in June; 2014 Vintage Drives Growth

Monday, 22 July 2019

2-Building Office Campus in El Segundo, Calif., Sold for $50.8Mln

Friday, 19 July 2019

Charleston, S.C., Apartments Sell for $36.1Mln

Friday, 19 July 2019

Cortland Partners to Buy Pure Multi-Family REIT

Friday, 19 July 2019

American Airlines Puts Corporate HQ in Fort Worth, Texas, on Sales Block

Friday, 19 July 2019

Oakdale Mall Near Binghamton, N.Y., Sees $12.4Mln Appraisal Reduction

Friday, 19 July 2019

PCCP Lends $108.4Mln for Development of Weir's Plaza in Dallas

Thursday, 18 July 2019

SL Green Venture Secures $465Mln Loan Against Manhattan's 460 West 34th St.

Thursday, 18 July 2019

101-Unit Seniors Property in Scottsdale, Ariz., Sold for $27Mln

Thursday, 18 July 2019

SL Green Assumes Full Control of Manhattan's SoHo Building

Thursday, 18 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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