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

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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...





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“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:

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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

 

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

 

 

 

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