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

General

Suburban Washington, D.C., Office Building Sells for $45.4Mln

Thursday, 18 July 2019

Jamestown Buys High-End Atlanta Retail/Office Property

Thursday, 18 July 2019

Walton Street Capital Buys Tony Mexico Resort

Thursday, 18 July 2019

Acadia Realty Buys Shopping Center Near Providence, R.I., for $55.8Mln

Wednesday, 17 July 2019

Apartment Complex in Federal Way, Wash., Sold for $26.5Mln

Wednesday, 17 July 2019

John Ockerbloom Joins Barings as Head of U.S. Real Estate Equity

Wednesday, 17 July 2019

Capital One Writes $26.1Mln Fannie Mae Loan Against Boca Raton, Fla., Apartments

Wednesday, 17 July 2019

Rich Uncles REIT Puts Self on Block; Sale to Sponsor Likely

Wednesday, 17 July 2019

Suburban Tucson, Ariz., Apartments Sell for $37.75Mln

Wednesday, 17 July 2019

Madison, Miss., Shopping Center Sells for $31.75Mln

Tuesday, 16 July 2019

New York Community Bank Lends $63Mln Against 2 Manhattan Apartment Properties

Tuesday, 16 July 2019

New York Life Lends $208Mln Against Houston's 717 Texas

Tuesday, 16 July 2019

Broadshore Hires Bryan W. Meyer to Oversee Multifamily Investments

Tuesday, 16 July 2019

Pembrook Makes $50Mln Preferred Equity Investment in Fund Targeting Workforce Housing

Tuesday, 16 July 2019

One80 Grand Office Building in Oakland, Calif., Sees 46.5 Percent Increase in Value in Recap

Tuesday, 16 July 2019

JPMorgan Securitizing Piece of $575Mln Mortgage Against Cambridge, Mass., Office/Lab Property

Tuesday, 16 July 2019

Arch Street Pays $84Mln for Wilmington, Del., Office Space

Tuesday, 16 July 2019

InvenTrust Pays $97Mln for South Fla. Retail Center Anchored by Costco

Tuesday, 16 July 2019

INITIAL PRICING: Morgan Stanley Capital I Trust, 2019-H7

Tuesday, 16 July 2019

6-Person Investment Team from Colliers Joins Kidder Mathews

Monday, 15 July 2019

Workout Specialist Launches Net-Lease Investment Fund; Aims for $100Mln of Deals

Monday, 15 July 2019

Madison Realty Lends $314Mln Against Boston Hotel, Residential Condo Project

Monday, 15 July 2019

Canadian Developer Pays $97.25Mln for Southern Calif. Mixed-Use Property

Monday, 15 July 2019

Berkeley Partners Pays $43.3Mln for 3 Suburban Boston Industrial Properties

Monday, 15 July 2019

N.J. Office Leased to T-Mobile Goes on Sales Block

Monday, 15 July 2019

Wells Fargo Lends $49.8Mln Against New Orleans Office

Monday, 15 July 2019

Lancaster, Pa., Mall Loses 2 of 5 Anchor Tenants; CMBS Loan at Risk of Default

Friday, 12 July 2019

Andrew Sandquist, JC Asensio Join NKF's Chicago Office

Friday, 12 July 2019

Rialto, SteelWave Venture Pays $127.2Mln for Denver Office Building

Friday, 12 July 2019

FS Credit Provides $28.5Mln Loan for Suburban Sacramento, Calif., Hotel

Friday, 12 July 2019

DW Partners Was Buyer of Former Fannie Mae HQ in Washington, D.C.

Thursday, 11 July 2019

Non-Traded REIT Pays $178Mln for 2 Apartment Properties in Florida, Maryland

Thursday, 11 July 2019

Office, R&D Complex in Northern Calif. Sold for $128.2Mln

Thursday, 11 July 2019

Tides Equities Buys 2 Phoenix Apartment Properties in Separate Deals

Thursday, 11 July 2019

PCCP Lends $71.8Mln for Development of D.C.-Area Apartments

Thursday, 11 July 2019

Ladder Capital Lends $58.5Mln Against 2 Hotels Near Elgin Air Force Base in Florida

Thursday, 11 July 2019

Rialto Capital Puts Wis. Shopping Mall on Sales Block

Thursday, 11 July 2019

TerraCap Pays $17.63Mln for Orlando, Fla., Office/Flex Property

Thursday, 11 July 2019

Non-Traded REIT Pays $115Mln for 5 Industrial Buildings in Suburban Dallas

Wednesday, 10 July 2019

Parallel Capital Buys 2-Building Office Complex in San Diego for $50.6Mln

Wednesday, 10 July 2019

National Health Investors Lends $32.7Mln Against Columbia, S.C., Seniors-Housing Facility

Wednesday, 10 July 2019

Knighthead Funding Lends $37.75Mln Against Hotel Conversion in Cambridge, Mass.

Wednesday, 10 July 2019

Special Servicing Universe Has More CMBS 2.0 Loans Than 2007-Issued Loans for First Time

Wednesday, 10 July 2019

Madison Realty Lends $225Mln Against Boca Raton, Fla., Residential Condo Project

Wednesday, 10 July 2019

CBRE Lines Up $57Mln of Freddie Small-Balance Loans for N.J. Apartment Portfolio

Wednesday, 10 July 2019

Former Fannie Mae HQ in Washington, D.C., Gets Liquidated; CMBS Loan Suffers Big Time

Wednesday, 10 July 2019

Brookfield Venture Gets $975Mln of Financing for Vegas' Grand Canal Shoppes

Wednesday, 10 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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