Investor Demand Intensifies for SASB, Floating-Rate CMBS “You have investors like sovereign wealth funds coming in and taking the entire stack,” says one industry insider.
Bond investors are hungry for CMBS, and they’re gobbling up entire tranches, from the top of the credit stack to the bottom. But they have a picky palate they’re not interested in pandemic-weakened property types.
“Demand is terrific,” said Manus Clancy, senior managing director at Trepp LLC. “With interest rates so spectacularly low, CMBS is one area where investors can still get some spread over the 10-year curve.”
The composition of bond investors hasn’t changed much from previous years it’s still the same institutions and money managers that have always played in this market. The big difference is the amount of capital they have to deploy, according to Edward L. Shugrue III, managing director at New York-based RiverPark Advisors LLC and portfolio manager for the RiverPark Floatin
Trepp Multifamily Occupancy Analysis: Areas of Concern Starting to Appear in Major US Markets
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Trepp has started to see signs of fraying in the apartment segment in some major U.S. markets. While overall apartment occupancy has fallen only a percentage point or two in aggregate over the last year, the percentage of loans where occupancy has fallen to under 80% has become quite large in some markets. NEW YORK (PRWEB) April 21, 2021 Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets, has released an analysis on multifamily occupancy across the United States. The analysis can be accessed here: https://info.trepp.com/trepptalk/multifamily-occupancy-analysis-areas-of-concern-in-major-us-markets.
Luxury lodging during a pandemic? Michigan hotels seek recovery signs detroitnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from detroitnews.com Daily Mail and Mail on Sunday newspapers.
The commercial real estate market have been completely devastated. Commercial real estate buildings’ value remains extremely depreciated and with many businesses are right at the brink of bankruptcy, such properties may face foreclosure pretty soon. In fact, a recent Bloomberg analysis has exposed that at least $146 billion in distressed commercial property is in some sort of financial purgatory, as investors decide which ones are worth saving and which ones will die. In the hospitality sector, U.S. malls have accumulated so much debt that they’ve lost 60% in value up until this point. While hotels have been registering vacancy rates of up to 80%, and restaurants are closing by the thousands every day. However, commercial office is being considered the biggest loser, with more and more companies choosing to cease their entire office operations for good. As many determinants are still unfolding, the worse might be yet to come for the commercial real estate sector. And that’s wha
‘Purgatory’ Grips $146 Billion of Distressed Commercial Property The pandemic helped push about $146 billion of commercial real estate into distress or serious risk of bankruptcy last year, according to Real Capital Analytics. Bloomberg | Feb 25, 2021
(Bloomberg) Good news about vaccines and rallying financial markets suggest the end of the coronavirus pandemic is in sight, but the worst may still be to come for commercial properties.
The coronavirus outbreak helped push about $146 billion of commercial real estate into distress, serious risk of bankruptcy or default at the end of last year, concentrated in hotels and retail, according to data compiled by Real Capital Analytics, a commercial real estate data firm.