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

Tuesday, 18 September 2007

Inland American to Buy RLJ Urban Lodging Fund in a $920Mln Deal

Inland American Real Estate Trust has agreed to buy RLJ Urban Lodging Fund, which owns 22 hotels with 4,061 rooms, in a deal valued at $920 million. RLJ Urban Lodging is led by Robert L. Johnson, founder of Black Entertainment Television and owner of the professional basketball Charlotte Bobcats.

Commercial Real Estate Direct Staff Report

Inland American Real Estate Trust has agreed to buy RLJ Urban Lodging Fund in a $920 million deal that will give it 22 hotels with 4,061 rooms in major urban centers throughout the United States.

The Oak Brook, Ill., REIT, whose shares are publicly registered but not traded on any exchange, will pay $460 million in cash and either assume existing debt or line up new financing. Inland does not plan to increase the amount of cash it will use for the purchase.

RLJ Urban Lodging of Bethesda, Md., is an investment vehicle led by...





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Data Digest

 

CMBS Deliquency Volume

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CMBS Special Servicing Volume

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Top Bookrunners
Private-Label CMBS

1H2014

Investment Bank

#Deal

Bal $mln

Mkt
Shr%

Deutsche Bank

16.0

12,761.50

32.44

JPMorgan

6.10

4,856.29

12.35

Wells Fargo

8.11

4,790.00

12.18

Citigroup

4.33

3,750.65

9.54

Goldman Sachs

4.00

3,722.62

9.46

 

Moody’s/RCA CPPI

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CMBS Pricing Matrix (Legacy AAA Spreads)

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Top Loan Contributors
Domestic, Private-Label CMBS - 1H2014

Lender

Vol $mln

Mkt
Shr%

Deutsche Bank

8,118.01

20.87

JPMorgan

4,486.83

11.53

CCRE

3,064.41

7.88

Citigroup

2,779.70

7.15

Goldman Sachs

2,604.85

6.70

 

 

 

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