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

Friday, 09 February 2018

Decron Pays $87.4Mln for San Francisco-Area Apartments

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Decron Properties Corp. has paid $87.4 million, or nearly $397,275/unit for the 220-unit Bridgecourt apartment property in Emeryville, Calif., which is just over the San Francisco-Oakland Bay Bridge from San Francisco.

The Los Angeles developer bought the four-building property, at 1325 40th St., from a venture of Bascom Group and Carlyle Realty Partners, which had owned it since 2015, when it paid $45.1 million. Moran & Co. brokered the latest transaction, which increases Decron's Bay Area portfolio to 650 units.

The Bridgecourt property was developed in 1998 and has a mix of one- and two-bedroom units with washers and dryers. Decron said it would complete a renovation effort that...





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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Cities: San Francisco
  • States: California
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $50 million and $100 million
  • Private: Yes
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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

 

 

 

REITCafe

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