Fitch Ratings, New York, said the U.S. life insurance sector has “material exposure” to commercial real estate, but noted insurer ratings are unlikely to move due to potential CRE losses.
Category: News and Trends
Dealmaker: M&T Realty Capital Corp. Announces Two Transactions in New York
M&T Realty Capital Corp., Baltimore, announced two loans in New York State.
MBA Releases 2023 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes
According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), the following firms were the top commercial/multifamily mortgage originators in 2023.
RealPage Survey Reveals Multifamily Fraud Is on the Rise
RealPage, Richardson, Texas, found more than 75% of survey participants report an increase in rental fraud in their multifamily communities in the past year.
JLL: Commercial Landlords Eye Solar Energy, Despite Challenges, Questions
JLL, Chicago, found in a recent survey that 43% of commercial landlords globally would like to increase solar photovoltaic (PV) panel coverage to reach 50-75% of their portfolio.
Moody’s Reports Higher Interest Rates Driving Down Defeasance
Moody’s Investors Service, New York, reported commercial mortgage-backed securities defeasance activity tumbled last year to $11.4 billion from $32.2 billion in 2022.
CoreLogic: Year-Over-Year Rent Growth at 2.6% in January
CoreLogic, Irvine, Calif., released its single-family rent index, showing single-family rental costs increased by 2.6% year-over-year in January.
MBA Chart of the Week: CRE Mortgage Debt Across Capital Sources, Property Types
This week’s Chart of the Week shows MBA’s estimates of the distribution of CRE mortgage debt across capital sources and property types and is derived from a variety of public and private sources.
CBRE: Renting Less Expensive Than Mortgage Payments
CBRE, Dallas, released a new report finding average mortgage payments are 38% higher than average apartment rents as of year-end.
Zillow Finds Concessions Cool as Spring Rental Season Approaches
Following a winter that saw nearly a third of rental listings offering tenants tempting concessions such as free months of rent or free parking, Zillow, Seattle, said the share of rentals offering perks may have peaked.