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3980 Central Park Blvd.

Friday, 05 June 2020 Written by

Enterprise Business Center Building Six is part of the seven-building Enterprise Business Center, a 38-acre industrial park about 10 miles east of downtown Denver.

The property, developed in 2017, is fully leased to Breakthru Beverage Colorado. It has 80,000 sf of office space and 70,000 sf of climate-controlled refrigerated space.

Raintree Partners acquired two of the properties, the 120-unit Pines apartments at 114 Sharene Lane and the 20-unit City View at 1307 Mt. Pisgah Road, with financing from Capital One Multifamily Finance, according to Contra Costa County, Calif., records. Details of the individual transactions were not available.

The Pines property was developed in 1961 and has one- and two-bedroom units with granite countertops and stainless-steel appliances. It also includes a swimming pool and laundry facilities.

The City View property, meanwhile, was developed in 1964 and renovated in 2005. It has one-, two- and three-bedroom units, along with a courtyard and laundry facilities.

The acquisitions increased the size of Raintree's apartment portfolio to 36 properties with 5,314 units, 22 of which are in California.

The third property, the 10-unit Mt. Pisgah apartments at 1465 Mt. Pisgah Road, was sold to an Orinda, Calif., investor that financed its purchase with a loan from JPMorgan Chase Bank.

14646 North Kierland Blvd.

Friday, 05 June 2020 Written by

Mesquite Corporate Center

The transaction was financed with an $11.5 million loan from RRA Capital Management of Phoenix.

1761 NW 46th Ave.

Friday, 05 June 2020 Written by

Continental Gardens

Watson Alameda Industrial Park

1761 Heritage Lane

Friday, 05 June 2020 Written by

Fountains at Point West apartments 

118 Plantation Creek Drive

Friday, 05 June 2020 Written by

Hawthorne at Lake Norman is 97 percent leased.

2025 West Indian School Road

Friday, 05 June 2020 Written by

Desert Willow Apartments

As part of its purchase, Western Wealth assumed a $9.75 million Freddie Mac loan that was securitized through FREMF 2018-K83, according to Maricopa County, Ariz., records. The loan carries a fixed coupon of 4.7 percent and is locked out from prepayment until June 2028.

6701 Red Road

Friday, 05 June 2020 Written by

Plaza San Remo

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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shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds
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