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

Friday, 22 May 2020

Ryman Aborts Proposed $275Mln Buy of Austin, Texas' Block 21; Loses $15Mln

Written by 
Rate this item
(0 votes)


Ryman Hospitality Properties Inc., which early this year had agreed to pay $275 million for the Block 21 mixed-use complex in Austin, Texas, has backed out of the deal, forfeiting its $15 million deposit.

The Nashville, Tenn., REIT was to buy the property, which contains the 251-room W Austin hotel, 56,643 square feet of office and retail space and an 86,757-sf music venue, Austin City Limits Live at the Moody Theater, from Stratus Properties Inc., which had developed it in 2010.

Ryman, which owns and operates the Grand Ole Opry, and owns stakes in a number of Gaylord-branded hotel resorts, this morning said, "We have determined that it is not in the best interest of our shareholders to focus our resources and capital on...


“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

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

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Cities: Austin
  • States: Texas
  • Sector: Mixed-Use
  • Subject: Property Acquisitions (ACQ)
  • Deal Name: Citigroup Commercial Morgage Trust, 2015-GC36, Citigroup Commercial Morgage Trust, 2015-GC37
  • Valuation: More than $150 million
  • Private: Yes
  • bloombergDealName: CGCMT 2016-GC36, CGCMT 2016-GC37
Read 118 times Last modified on Friday, 22 May 2020

Data Digest







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




cppichart FP



CMBS 2.0 Spreads


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





  • Challenging Retail Environment Weights on REITs
    Mixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...
  • 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