National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CMBS Spreads Tighten After Job News
The news last week of significant employment gains in the United States had interesting impacts on commercial real estate, pending a potential and reportedly likely interest-rate increase.
While financial stocks performed well as a result of the news, REITs did not fare as well.
Meanwhile, CMBS trading was minimal, but there was significant impact on this financing platform. One of the new CMBS conduits, the $960.9 million COMM 2015-LC23, priced late last week at 122 basis points over 10-year Lifecycle Funds (LCF).
For now, delinquency rates continue to fall, with the lowest delinquency rate in Lodging at 3.17 percent.
- ◦Economy
