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

Tuesday, 15 February 2000

Asset Investors Corp. Details Mobile Home Park Purchases

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February 16, 2000

Asset Investors Corp. (NYSE:AIC) has bought four manufactured home communities as well as undeveloped sites at three manufactured home communities in Florida from Community Acquisition and Development Corp. for total consideration of $36.8 million.

Included as part of the consideration for the properties, Asset Investors Corp. will cancel the $24.9 million of participating mortgages and other loans previously made to CADC.

AIC will assume $10.7 million of third-party debt will issue 44,572 units of limited partnership interests in its subsidiary, Asset Investors Operating Partnership.

The communities consist of 535 developed and 2,183 undeveloped home sites. The developed homes are 95 percent occupied.

Details of the transaction can be found in a Form 8-K filed today with the SEC.


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Additional Info

  • Syndicate to Realpoint: No
  • States: Florida
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Company: Atlantic Gulf Communities Corp.
  • Valuation: Between $25 million and $50 million
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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

 

 

 

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