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...


“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“

Data Digest







Top Bookrunners
Private-Label CMBS - 9Mos2014
Inv Bank #Deals Bal $mln MktShr%
Deutsche Bank 26.0 19,675.34 29.5
JPMorgan 12.1 8,678.41 13.0
Wells Fargo 15.1 8,504.57 12.8
Goldman Sachs 7.0 5,740.15 8.6
Citigroup 9.3 5,337.91 8.0





cppichart FP





Top Loan Contributors
Private-Label CMBS 9Mos2014
Lender Vol $mln MktShr%
Deutsche Bank 11,647.54 17.75
JPMorgan 7,496.78 11.42
Wells Fargo 4,540.31 6.92
CCRE 4,474.33 6.82
Morgan Stanley 4,312.62 6.57