Latest news
Latest news
Last week Blackstone securitized Aria Resort in Vegas for $2.7bn in one of the largest hotel deals of the year
Analysts predict issuance will rise from $11bn to nearly $20bn
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Market volatility has cut into global bond volumes this year, with trade tensions weighing on S&P Global’s issuance outlook for the remainder of the year, but strong CLO activity and a growing esoteric ABS sector have helped the securitization market buck that trend. -
Commercial real estate CLOs have boomed as an asset class in 2018 and have been a major driver of steepening competition among CRE lenders. But investors and issuers at CREFC’s inaugural CRE CLO conference in New York highlighted that there are still speed bumps that may prevent the market from taking off in 2019.
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While job growth and economic expansion in New York City are still strong, a number of headwinds including rapidly increasing supply and slumping rents may put investors at the bottom of the capital stack at risk, said commercial real estate analysts at Amherst Capital.
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Real estate investment trusts (REITs) with ties to private equity firms such as KKR, Apollo Global Management and TPG Capital are originating loans at a blistering pace this year. To keep up, some life insurers and balance sheet lenders are mulling using leveraged instruments that non-traditional lenders are popularising.
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Hedge fund Shrewsbury River Capital has hired Dan Voloshin as a senior member of its commercial real estate investment team, according to an announcement from the firm on Tuesday.
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US based credit manager CIFC has hired four executives from leveraged credit firm Logen Asset Management to expand the firm’s distressed debt offering.
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Private label CMBS bonds are markedly outperforming comparable securities in both the agency sector and in corporate debt, with the spread tightening moving levels to those not seen since the financial crisis and boosting returns.
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Darrell Wheeler, a nearly 30-year veteran of the commercial real estate and CMBS market, has landed a role at Cantor Commercial Real Estate leading the firm’s first foray into CMBS research and strategy.
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Two political initiatives in the US have raised the prospect of public subsidies for low-income housing and rent controls, a move that real estate investment trusts are keen to resist.
