CMBS

The firm anticipates opportunities on the debt and equity side as the commercial real estate market moves closer to a reboot.

An increase in parties overseeing the workout of CMBS loans is expected as the right to appoint new servicers shifts across the capital structure, Academy Securities' Stav Gaon notes.

Expectations are that there will be $5bn-$7bn of new conduit issuance in the fourth quarter, market analysts told Real Estate Capital USA.

The New York-based rating agency is also forecasting a rebound in commercial mortgage-backed securities issuance in 2024.

Nominations close at midnight on Friday November 17 2023 for Real Estate Capital USA’s third annual awards and a shortlist will be announced on Monday, December 4.

The acquisitions are part of the firm’s focus on workforce housing. 

Transaction volumes will stay subdued until bank lending standards begin to ease.

Owners of office buildings where the flexible space provider is a major tenant are in a predicament, whether or not the business survives.

The firm is launching the deal at a time when segments of the retail sector are showing signs of resilience.

Basis Investment Group's Tammy Jones says commercial mortgage back securities offer a chance for higher yields in a risk-off environment, but the opportunity is transitory.