NOV 13, 2024

America’s Empty Apartments Are Finally Starting to Fill Up

The biggest apartment construction boom in four decades flooded the market with new supply over the past two years. Apartment owners had to contend with a surge in empty units.

That is starting to change.

NOV 8, 2024

CRED iQ’s Distress Rates Climbs Higher for All of CMBS in October

The CRED iQ research team evaluated payment statuses reported for each loan (securitized by CMBS financing), along with special servicing status as part of our monthly distress update.  Five of the six major property types that CRED iQ tracks climbed higher in October.

NOV 5, 2024

Fannie Mae says it suffered losses from commercial mortgage fraud

The crackdown on commercial mortgage fraud is heating up. Fannie Mae confirmed for the first time an ongoing investigation into a litany of schemes that may be far more pervasive than was initially thought. The agency also listed financial losses from mortgage fraud as its top risk factor in its third-quarter earnings filing.

Oct 31, 2024

Tsunami of Maturing Debt: Navigating CRE's Looming Funding Gaps

With $1.7 trillion in commercial real estate debt set to mature by 2026, the market braces for a significant "maturity wall." The challenges of refinancing amid tighter credit and high rates pose a substantial $150 billion funding gap for 2024 alone. This environment presents both risks and strategic opportunities for investors seeking value in distressed assets.

OCT 29, 2024

NY Fed says banks obscuring commercial real estate risks by extending loan terms

Banks have been tweaking the terms of commercial real estate mortgages to obscure losses, and in delaying the day of reckoning, are increasing risks to the broader financial system, a paper, opens new tab released Wednesday by the Federal Reserve Bank of New York said.

OCT 22, 2024

Altus Group - Q3 2024
Commercial Real Estate Industry Conditions & Sentiment Survey

Altus Group is pleased to share the results of our Commercial Real Estate Industry Conditions & Sentiment Survey with survey participants and partners. This survey was conducted by the Altus Group's Research Team in an effort to provide insights into the market sentiment, conditions, metrics, and issues affecting the commercial real estate (CRE) industry.

Oct 17, 2024

Deep Dive: Distressed players see opportunity as restructuring process shifts

The investing environment for troubled and bankrupt companies is not expected to be very different in the second half of 2024 than it was in the first half, despite possible economic warning signs from the recent US equity market sell-off and rally in US Treasuries, according to distressed investors LCD canvassed recently.

OCT 14, 2024

Commercial and Multifamily Mortgage Debt Outstanding Increased Modestly in the Second Quarter of 2024

The level of commercial/multifamily mortgage debt outstanding increased by $31.4 billion (0.7 percent) in the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.

OCT 14, 2024

CMBS Delinquency Rate Jumps in September, Driven by Retail Sector

The Trepp CMBS Delinquency Rate continued its uphill climb in September 2024. Overall, the delinquency rate rose 26 basis points to 5.70%.

OCT 1, 2024

Landlords Register Tens of Thousands More Rent-Regulated Apartments Under Threat of Fines

A new state law, passed after THE CITY exposed units inexplicably missing in property owner reports, has spurred a surge in compliance in the face of costly penalties.

Sep 10, 2024

Special Servicing Rate Continues Rising, Office Reaches 11-Year High

The CMBS special servicing rate rose to 8.46% in August, bringing the overall rate to a three-year high, according to Trepp.

SEP 9, 2024

FreddieMac Multifamily - 2024 Midyear Multifamily Outlook

The multifamily market in early 2024 faces challenges due to high supply levels, minimal rent growth, and increasing vacancy rates, with expectations of below-average performance for the rest of the year. 

SEP 9, 2024

20 Percent of Commercial and Multifamily Mortgage Balances Mature in 2024

Twenty percent ($929 billion) of the $4.7 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2024, a 28 percent increase from the $729 billion that matured in 2023, according to the Mortgage Bankers Association’s 2023 Commercial Real Estate Survey of Loan Maturity Volumes.

AUG 12, 2024

Rialto, Blackstone Ramp Up Foreclosure Suits On Signature Bank's Former Borrowers

Since taking over Signature Bank’s $17B commercial real estate loan book last year from the Federal Deposit Insurance Corp., the joint venture helmed by Blackstone and Rialto Capital has stepped up the pressure on borrowers in default.

Aug 5, 2024

Deutsche Bank Is Unloading $1 Billion in US Real Estate Loans

Deutsche Bank AG is trying to offload up to $1 billion in US commercial property loans off its balance sheet, just as rising interest rates have dented profits in its real estate portfolio, according to people familiar with the matter.

JUL 12, 2024

Multifamily distress nearly triples in 6 months

The sketch of multifamily distress drawn over the past year is now being shaded in by data.

The picture shows problems have spread beyond value-add players squeezed by floating-rate loans.

JUL 4, 2024

Apartments Could Be the Next Real Estate Business to Struggle

Owners of some rental buildings are starting to struggle because of rising interest rates and waning demand in some once booming Sun Belt cities.