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

Wednesday, 29 January 2020

Atlanta Apartment Property Sells for $24.49Mln

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Noble House Investment Inc. has paid $24.49 million, or $155,000/unit, for the 158-unit Brookstone at Brookhaven apartments in Atlanta.

The Orlando, Fla., company bought the 50-year-old property, at 1322 Briarwood Road NE, from MSC Investment of Atlanta in a deal brokered by Berkadia's Atlanta office.

MSC had purchased the property, which is near Interstate 85 as well as Bufard Highway NE and Peachtree Road NE, just more than two years ago for $17.9 million. It had financed its purchase with $13.3 million of Fannie Mae financing that has been paid off.

The property's units have from one to three bedrooms each, hardwood floors, air conditioning and washers and dryers. The complex has a playground and swimming pool.

Comments? E-mail Orest Mandzy, or call him at (267) 327-4281.



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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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