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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.
Balloon loans originated 10 years ago on small and mid-market properties are facing near-term maturity dates.
Bank capital requirement changes and shrinking balance sheets are opening doors in multifamily, industrial and construction.
A key theme the REIT is following is a migration of people leaving cities for the suburbs.
Chief executive says institutional interest is picking up further as high-quality hotel assets hold up.
The Starwood-owned portfolio’s appraisal value has risen 35%% since December 2021.
The New York-based agency saw a loss severity of 48.4% in 2022, versus a loss severity of 56% in 2021.
The firm compared the leverage and yields on the B-piece with similar metrics for preferred equity or mezzanine debt investments.