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

Wednesday, 07 November 2018

CBL Puts Honey Creek Mall in Indiana on Sales Market

CBL & Associates Properties Inc. has put its Honey Creek Mall in Terre Haute, Ind., up for sale in order to resolve the property's $24.4 million mortgage. The offering is being driven by the property's lender, which has hired NKF Capital Markets to solicit investors. The loan against the property is cross-collateralized with a mall CBL owns in Daytona Beach, Fla.

Commercial Real Estate Direct Staff Report

CBL & Associates Properties Inc. has put its Honey Creek Mall in Terre Haute, Ind., up for sale in order to resolve the property's $24.4 million mortgage.

The property offering, through NKF Capital Markets, is the latest involving a mall owned by the Chattanooga, Tenn., REIT. Just last month, for instance, the $119.5 million loan against its Mall of Acadiana in Lafayette, La., was put up for sale by CWCapital Asset Management, the loan's special servicer. Marketing for that sales effort is being handled by Mission Capital Advisors.

And before that, the REIT put its Cary Towne...





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  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

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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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  • 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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