Cerberus nabs $616M CMBS loan on FirstKey single-family rentals
Cerberus Capital Management, the parent organization of FirstKey Homes, landed a $616.1 million CMBS loan from Morgan Stanley, the...
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The Latest
CMBS delinquencies plunge, but still above pre-pandemic levels
Bad commercial debt is getting harder to find. Since peaking at 10 percent last June, the delinquency rate for...
Blackstone secures $1.1B refi on Sun Belt multifamily portfolio
Blackstone’s real estate investing arm is following up its record third quarter with a massive refinancing package. Blackstone Real...
Bet against retail costs investor big-time
A hedge fund that lost millions betting against commercial real estate now claims that JPMorgan forced it to call off the gamble at the worst time, then pumped up the price of paying its...
CMBS set to break Financial Crisis record
Real estate owners have had a rocky love affair with cheap debt. Commercial real estate’s fixation with low interest rates has dragged it to China to court EB-5 investors and to Israel’s nascent bond...
Hudson’s Bay Company restructures $846M CMBS loan
Hudson’s Bay Company successfully restructured a massive CMBS loan, reportedly ending an 18-month saga that included accusations of undermining...
Hurricane Ida threatens $7B of CMBS
Amid the wreckage that Hurricane Ida wrought when it slammed into the Gulf Coast over the weekend, upwards of $7 billion worth of commercial real estate loans could be affected as the region deals...
Digital Bridge, formerly Colony, sells off remaining hotel portfolio
Digital Bridge, the real estate investment trust formerly known as Colony Capital, is finalizing the disposition of the rest...
Insights
CMBS loan issuance is booming — but not in the usual areas
In the commercial mortgage-backed securities world, conduit loans have always been the bread and butter of the market. But...
Starwood bailing on the mall business
Barry Sternlicht’s Starwood Capital Group is moving away from its mall portfolio as values on the properties continue to plunge. The investment firm has been selling off shopping centers at a loss across the...
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