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

Thursday, 04 October 2018

Boston Investor Aims for Sharp Growth Pursuing Medical Offices

MLL Capital, which launched two years ago to acquire medical-office, life-science and laboratory buildings, plans on significantly expanding its portfolio by investing $500 million over the next two to three years. The company owns eight medical-office properties and could buy up to 25 in the next three years.

Commercial Real Estate Direct Staff Report

MLL Capital, which launched two years ago to acquire medical-office, life-science and laboratory buildings, plans on significantly expanding its portfolio by investing $500 million over the next two to three years.  

The Boston company was founded by Kyle O'Connor, who previously was a principal at Marcus Partners, a Boston investment manager. It owns eight medical-office buildings with about 650,000 square feet in Charlotte, N.C., Nashville, Tenn., and San Antonio.

The firm will pursue value-add properties in those markets as well as other areas that have at least two million residents, including Atlanta, Boston, Philadelphia, Salt Lake City, San Diego and Washington, D.C. MLL expects to acquire 15 to 25 properties by 2021.

It capitalizes its acquisitions on a deal-by-deal basis through a network of high net-worth individuals and institutional partners and obtains financing for 50 to 65 percent of the...





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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 - 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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