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Thursday, 27 June 2019

Student-Housing Loans in CMBS 2.0 Don't Do Too Well; Investors Have Bid Up Sector

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Commercial Real Estate Direct Staff Report

Loans against student-housing properties that have been securitized since 2010 haven't performed as well as conventional apartment properties and that's likely to continue, according to Fitch Ratings.

The universe of student-housing loans securitized since 2010 totals 398 loans with a balance of $6.9 billion. That amounts to about 7 percent of the universe of securitized multifamily loans in deals that Fitch has rated, roughly 57 percent of which - 221 loans totaling $4 billion - have been securitized through Freddie Mac deals.

The rating agency has tagged 36 student-housing loans with a balance of $671 million, which is equal to 10 percent of the...

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“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:

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: CMBS - non-deal specific (CMBS-G), Commercial MBS (CMBS)
  • Company: Fitch
  • Private: Yes
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