REC 6 boosts Class A offer as tender struggles

Alburn Real Estate has added to its tender offer on the REC 6 CMBS portfolio, offering Class A noteholders 80% instead of 75%. The offer, financed by real estate firm Highcross, aims to secure enough support to collapse the entire CMBS structure. However, some class A noteholders are unhappy with the proposed levels. Read EuroWeek on Friday for the latest on the troubled transaction.