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

Thursday, 20 June 2013

Lone Star to Seek up to $6Bln for Latest Investment Fund

The investment manager's Lone Star Real Estate Fund III would have the highest equity target of any commercial property fund on the market. Its predecessor fund raised $5.5 billion and has invested in distressed properties and debt in the United States, Europe and Japan.

Commercial Real Estate Direct Staff Report

Lone Star Funds, an investor in distressed assets, has registered to raise up to $6 billion of equity for its latest real estate fund.

Lone Star Real Estate Fund III, which has not raised any commitments yet, is a follow-up to the Dallas investment manager's Real Estate Funds II and I, which raised $5.5 billion and $2.4 billion, respectively, to acquire distressed commercial real estate debt and equity stakes in individual assets and portfolios in the United States, western Europe and Japan.

Fund I, which completed its marketing in 2009 has invested a total of $6.1 billion in 11 deals with a total of 1,324 assets, while Fund II is still in its investing phase, although it also has been selling assets.

Fund III is slated to kick off marketing for equity commitments after Fund II is fully invested, according to minutes from a recent meeting of the Oregon...





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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

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