Latest news
Latest news
US market remains the model as template issuance takes shape
Deal is backed by three data centers in Virginia, Illinois and Atlanta
Tightest CMBS print in nearly a year ahead of Yondr data centre ABS debut
More articles
-
In its mid-year outlook on structured finance, JP Morgan analysts said that while valuations of MBS are attractive in an evolving macro context, evolving dynamics in mortgage bond supply and a rising CRE CLO market could create some degree of spread widening across the market. -
The White House has floated proposals to end the duopoly of Fannie Mae and Freddie Mac in mortgage finance and scale back the government’s footprint in the housing market, as part of a broader plan to reform and downsize the US federal government.
-
Janus Henderson filed documents with the Securities and Exchange Commission on Wednesday announcing the launch of an actively managed exchange-traded fund (ETF) set to outperform the Bloomberg Barclays US mortgage-backed securities Index, which are tracked by several MBS ETFs.
-
Real estate investment trust LaSalle Hotel Properties on Monday batted down yet another takeover bid from Pebblebrook Hotel Trust, nearly a month after it agreed to be acquired by Blackstone fund Real Estate Partners VIII for $3.7bn. LaSalle owns 41 commercial properties across the US, including two high-end resorts in Key West and the luxury Gild Hall hotel in New York.
-
A flurry regulatory documents filed on Thursday and Friday point to a number of CMBS deals hitting the market this week, including conduit deals from Wells Fargo and UBS and several single asset-single borrow (SASB) deals. CRE CLOs are also on the radar, as that market experiences a "frenzy" of activity.
-
A pair of single borrower deals were priced this week — the hotel-backed AHTP 2018-ATRM and WFCM 2018-1745, a securitization of a $319m loan partially used to refinance an office complex on 1745 Broadway in New York. Meanwhile, the market for commercial real estate CLOs is showing no signs of fatigue.
-
Freddie Mac has issued a new multifamily CMBS offering from its K shelf, K-077, which is backed by a pool of mortgages on apartment properties. The deal marks Freddie Mac’s 21st K-Series deal of the year.
-
Goldman Sachs as sole arranger, lead manager and bookrunner announced a €235m CMBS, Kantoor Finance 2018 DAC, on Wednesday, the second CMBS of the year from the investment bank. It follows swiftly on the heels of its £427m Ribbon Finance deal, which was priced at the end of May.
-
Commercial real estate CLO issuance is on a tear in 2018, with $6.4bn already printed so far — including deals from stalwarts such as Blackstone and newcomers such as Silverpeak Argentic and Varde.
