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National  + Finance  |  March 30, 2018
Siegel Group in $75M Deal to Buy 10 Acres on Las Vegas Strip
Dennis Kaiser
By: Dennis Kaiser

Delinquency Rates for Nevada, Arizona Outpace National Average

Highlighted by huge Las Vegas Strip casino hotels and sought-after offices in Denver and Phoenix, the Mountain region of the U.S. features more than $22 billion in outstanding CMBS. However, research by Trepp reveals delinquency rates for five of the eight states in this region, including Arizona and Nevada, are higher than the national reading.

The Mountain Region makes up roughly 6.1% of the total private label CMBS balance in the U.S. Yet, the region has a relatively high delinquency rate of 6.7% overall, compared to the 4.51% delinquency rate for all U.S. CMBS loans in January, notes Trepp researcher Karina Estrella.

Nevada loans represent 37% of the region’s CMBS balance, with roughly $10.6 billion of outstanding debt. Arizona loans comprise 27% of the total regional loan balance.

Las Vegas loans comprise a hefty 33% of all outstanding CMBS debt backed by Mountain Region properties. Looking ahead, Trepp notes loans backed by Nevada properties are one’s to watch, as they currently have a low weighted-average DSCR and a relatively high delinquency rate.

For comments, questions or concerns, please contact Dennis Kaiser

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Read more at TreppConnect With Trepp’s Estrella

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.
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