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

Thursday, 09 August 2018

Lakewood, Colo., Apartments Sell for $78Mln

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A venture of Oak Coast Properties and BMC Investments has paid $78 million, or $216,667/unit, for the 360-unit St. Moritz Apartments in Lakewood, Colo.

The venture bought the 32-year-old property, at 1724 North Robb St., from Lowe Enterprises, which had acquired it four years ago. ARA Newmark, which had brokered the property's sale in 2014, represented the Oak Coast/BMC venture in its purchase.

The property last year generated $4.1 million of net operating income, according to servicer data compiled by Trepp LLC. That would give the Oak Coast/BMC team's purchase price 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: Denver
  • States: Colorado
  • 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

 

 

 

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