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

Wednesday, 27 September 2017

NAI Partners Eyes Launch of Second Fund as First Nears Capacity

NAI Partners, an active office and industrial leasing specialist in Houston, is gearing up to raise its second property-investment fund. It raised $10 million for its initial fund and could double that, giving it the capacity to invest in up to five office or industrial properties in Houston, San Antonio and Austin, Texas.

Commercial Real Estate Direct Staff Report

NAI Partners, an active office and industrial leasing specialist in Houston, is gearing up to raise its second property-investment fund.

The company, which also has offices in Austin, Texas, and San Antonio, got into the investment-management business two years ago. Its thinking: the company wanted to take advantage of market expertise it has developed through its property management and landlord services businesses, through which it manages and leases some 8 million square feet of space.

Initially, the brokerage had planned to build a portfolio of office and industrial properties by co-investing with partners. Its aim was to ultimately invest in a portfolio of $250 million of real estate. Its pitch to investors: the fund is a way to "exploit the knowledge,...





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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 - 2016
Investment Bank #Deals Vol$mln MktShr%
JPMorgan Securities 14.94 10,350.16 15.14
Deutsche Bank 14.21 9,926.60 14.52
Wells Fargo Securities 13.36 9,513.96 13.92
Citigroup 10.87 8,061.79 11.80
Goldman Sachs 10.05 7,563.72 11.07

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2016
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 133.67 8,670.33 13.34
Goldman Sachs 156.20 7,418.37 11.41
Deutsche Bank 178.17 6,510.75 10.02
Citigroup 184.41 5,512.20 8.48
Morgan Stanley 113.18 4,130.53 6.35

 

 

 

REITCafe

  • Challenging Retail Environment Weights on REITs
    Mixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...
     
  • US REITs Feeling Effects from Turmoil in Greece and China
    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
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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