CMBS industry eyes rough road ahead in 2019

While capital markets recover from November and December’s year-end volatility and investors are learning to look on the bright side again, commercial real estate financiers meeting at the annual CREFC conference in Miami this week were dealing with the difficult reality of a potentially overvalued market and more competition to close deals.

  • By Alexander Saeedy
  • 15 Jan 2019

Declining CMBS volumes last year have left market participants wondering how the sector can recover, especially as the market turns against suburban retail, a traditional bastion of CMBS demand, and the GSEs gain greater market share in multifamily.

“We are all talking about the general viability of the ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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1 Citi 10,064.23 34 12.73%
2 Barclays 7,915.37 23 10.01%
3 Bank of America Merrill Lynch 7,473.95 24 9.45%
4 JPMorgan 7,314.30 26 9.25%
5 Wells Fargo Securities 6,258.35 24 7.92%