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

Tuesday, 06 March 2018

Brookfield's Latest Real Estate Fund Breaches $9Bln Equity Mark

Brookfield Asset Management has breached the $9 billion equity-raising mark for its flagship real estate fund. And capital-raising efforts haven't been completed yet. The fund, Brookfield Strategic Real Estate Partners III, is expected to end up being "meaningfully larger" than its predecessor, which had raised $9 billion - $2 billion more than targeted.

Commercial Real Estate Direct Staff Report

Brookfield Asset Management has breached the $9 billion equity-raising mark for its flagship real estate fund. And capital-raising efforts haven't been completed yet.

The fund, Brookfield Strategic Real Estate Partners III, is expected to end up being "meaningfully larger" than Partners II, through which the Toronto investment manager had raised $9 billion of equity commitments two years ago. That was $2 billion more than originally had been targeted.

The latest fund is expected to follow a similar strategy as that of its predecessor. It pursued investments in individual properties that would require equity commitments of between $50 million and $200 million each, or operating companies or portfolios that required investments of more than $200 million.

To that end,...





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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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