National + Finance | February 13, 2019

CMBS Loan Losses Surged Higher in January

The average severity for CMBS loans resolved with losses surged higher in January. New research by Trepp shows a total of 52 loans, totaling $669.7 million in outstanding balances, were disposed last month.

Trepp notes, more than $469.2 million of that debt was written off for a 70.1% loss severity, which is up 16% month over month. That represents the third-highest average severity figure measured in the nine years Trepp has been running this analysis. “Retail debt was badly bruised in January, as 23 loans totaling $314.0 million were disposed with losses (69.1% severity),” wrote Trepp.

The overall increase followed moderate levels of losses for the last four months, Trepp points out, in its assessment of the CMBS loan losses.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.