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

Tuesday, 14 May 2019

Venture Takes Over RealtyShares' Active Investment Portfolio, Investor Database

A venture of RREAF Holdings and iintoo Investments has taken over management of the active investment portfolio of RealtyShares, a San Francisco commercial real estate crowdfunding company that stopped taking new investments late last year. The deal also includes the company's database of more than 88,000 investors.

Commercial Real Estate Direct Staff Report

A venture of RREAF Holdings and iintoo Investments has taken over management of the active investment portfolio of RealtyShares, a San Francisco commercial real estate crowdfunding company that stopped taking new investments last year.

It also acquired RealtyShares' database of more than 88,000 investors who had been registered on the platform since the company's founding in 2013. Terms of the deal were not disclosed. RREAF is a Dallas developer, investor and property manager, while iintoo is a Tel Aviv, Israel, crowdfunding firm.

RealtyShares was one of the first crowdfunders to launch after the passage of the Jumpstart Our Business Startups, or JOBS, Act in 2012. The legislation included a provision that allowed sponsors to market their offerings and raise capital in small increments from the public, paving the way for crowdfunding.

The company had secured $58 million of venture capital and raised $870 million that was invested in 1,160 deals. But last November, it laid off most of its staff and stopped taking new investments because it couldn't secure the capital to continue operations.

Since then, RealtyShares continued to manage the 300 deals that were still active, which account for more than $400 million in debt and equity investments. RREAF and iintoo will now manage those investments...





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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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