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

Friday, 13 April 2018

KBS Strategic Paying $73Mln for 2 Office Buildings in Franklin, Tenn.

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KBS Strategic Opportunity REIT Inc. has agreed to pay $73 million for two office buildings with 311,864 square feet in the Corporate Centre at Cool Springs complex in suburban Nashville, Tenn.

The Newport Beach, Calif., REIT, whose shares do not trade on any exchange, is buying the two buildings, Eight and Nine Corporate Centre, which sit at 6550 and 6640 Carothers Parkway in Franklin, Tenn., from JPMorgan Asset Management's JPMCB Strategic Property Fund.

KBS Strategic will fund its purchase with a mortgage and some of the proceeds from the sale of 11 office properties to Keppel-KBS US REIT, a...





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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: Nashville
  • States: Tennessee
  • Sector: Office
  • Subject: Property Acquisitions (ACQ)
  • Company: KBS Realty Advisors
  • 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

 

 

 

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