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

General

CREFC Urges Expansion of TALF to Include Senior CLO, SASB Bonds

Thursday, 16 April 2020

Phillips Edison Says 70 Percent of Tenants Paid April Rent

Wednesday, 15 April 2020

Black Creek Industrial Sees 20 Percent Drop-Off in Rent Collections

Wednesday, 15 April 2020

Historic Lows Begin to Steady for Hotel Industry

Wednesday, 15 April 2020

April Apartment Rent Collections Improve

Wednesday, 15 April 2020

Lexington Realty Received Few Requests for Rent Relief

Wednesday, 15 April 2020

Wheeler REIT Names Daniel Khoshaba CEO

Wednesday, 15 April 2020

CMBS Lenders Drove 4.7 Percent Hike in 2019 Commercial Mortgage Origination Volume

Wednesday, 15 April 2020

New York Life Lends $132.9Mln Against Silicon Valley Office Complex

Wednesday, 15 April 2020

Four Corners Says 87 Percent of Tenants Paid April Rent

Tuesday, 14 April 2020

Hampshire, United Overseas Take Retail, Storage Properties Public in Singapore

Tuesday, 14 April 2020

BH Properties Adds Rowan Sbaiti to Pursue Opportunistic Deals

Tuesday, 14 April 2020

Nicholas Bryer Joins Roxborough Group as Senior Vice President

Tuesday, 14 April 2020

Washington Prime Reduces Workforce by 20 Percent, Cuts Exec Salaries

Tuesday, 14 April 2020

$25.8Bln of CMBS Loans on Hotel, Retail Properties in Payment Grace

Monday, 13 April 2020

Hotel Loans Dominate List of Recent Transfers to Special Servicing

Monday, 13 April 2020

Harbor Group Buys Inland Empire Apartments for $45.5Mln

Monday, 13 April 2020

Manhattan Office Leasing Activity Declines 37.7 Percent in March

Thursday, 09 April 2020

Clarion Partners REIT Pays $20.2Mln for Phila.-Area Industrial Property

Thursday, 09 April 2020

Capital One Lends $41Mln Against Queens, N.Y., Apartment Property

Thursday, 09 April 2020

Fed Expands Scope of TALF to Include Conduit CMBS

Thursday, 09 April 2020

Fitch Sees CMBS Delinquency Rate Spiking to 8.75 Percent; Near Post-GFC Rate

Thursday, 09 April 2020

Luxury Hotels Feel Brunt of Coronavirus Impact

Thursday, 09 April 2020

True North Capital Sells Suburban Boston Apartments for $73.6Mln

Thursday, 09 April 2020

NKF Writes $102.5Mln Freddie Loan for Chicago Apartment Purchase

Wednesday, 08 April 2020

Seaside, Calif., Apartments Sold for $25.25Mln

Wednesday, 08 April 2020

Cammeby's, Sun Equity Line Up $114Mln Loan Against Manhattan Apartments

Wednesday, 08 April 2020

Capital-Raising by Real Estate Funds Drops in 1Q; Activity Still Robust

Wednesday, 08 April 2020

MetLife Lends $35Mln Against Manhattan Apartments

Wednesday, 08 April 2020

TPG Real Estate Sold $572Mln of Bonds to Resolve Margin Calls

Tuesday, 07 April 2020

Aspen, Colo., Apartments Sell for $50.5Mln

Tuesday, 07 April 2020

REIT Pays $103.6Mln for 262-Unit Apartment Property in Norwood, Mass.

Tuesday, 07 April 2020

Conor Flynn, Kimco Realty's CEO, Tests Positive for Coronavirus

Tuesday, 07 April 2020

Ohio Governor Signs Order Requesting Commercial Rent Relief, Loan Forbearance

Tuesday, 07 April 2020

Prologis Sees Increased Demand for Industrial Space

Monday, 06 April 2020

Prologis Says About 25 Percent of Tenants Seeking Rent Relief

Monday, 06 April 2020

Nonbank Lenders Don't Get CECL Delay

Monday, 06 April 2020

Gemdale USA Buys Los Angeles-Area Apartments for $31.95Mln

Monday, 06 April 2020

USAA Sells Controlling Stake in Real Estate Investment Manager

Monday, 06 April 2020

Mesa West Lends $33.5Mln for Austin, Texas, Apartments

Monday, 06 April 2020

CREFC Cancels June Conference; 'More Robust' Event Planned for Fall

Monday, 06 April 2020

Red Lion Hotels Promotes Nate Troup to CFO

Friday, 03 April 2020

Non-Traded REIT Secures $31.5Mln Loan Against 4 Self-Storage Properties

Friday, 03 April 2020

104,008-SF Office Building in Suburban Boston Trades for $27.5Mln

Friday, 03 April 2020

Azure, Harbor Group Pay $120.5Mln for Suburban Boston Apartments

Thursday, 02 April 2020

Denver Apartment Development Receives $18.85Mln Construction Loan

Thursday, 02 April 2020

2,600 Borrowers with $49.1Bln of CMBS Loans Seek Relief in First 2 Weeks of Crisis

Thursday, 02 April 2020

PNC Writes $198Mln Fannie Loan Against Queens, N.Y., Apartment Property

Thursday, 02 April 2020

Bank OZK, EverWest Lend $305Mln for Bronx, N.Y., Industrial Project

Thursday, 02 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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