Latest news
Latest news
The rise of the European master trust and the CLO market nears shut down
The trade is EdgeConneX’s euro debut, the first Dutch data centre ABS, the first data centre CMBS structure and the first master trust structure
'Super wide' guidance on triple-As brings in orders twice the tranche size
More articles
-
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. -
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.
-
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.
-
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.
-
US based credit manager CIFC has hired four executives from leveraged credit firm Logen Asset Management to expand the firm’s distressed debt offering.
-
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.
-
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.
-
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.
-
The Federal Reserve Bank of New York said on Tuesday it had completed the sale of the remaining securities in the $30bn Maiden Lane LLC portfolio of mortgage securities it bought to facilitate JP Morgan’s acquisition of Bear Stearns in March 2008.
