MBA Chart of the Week July 6, 2023: Office Property Sales Volumes and Values
In commercial real estate, all eyes remain on the office market. That is despite the fact that multifamily mortgage debt – accounting for $2.0 trillion of the $4.6 trillion of total outstanding -- is almost three times as large and office accounts for just 17 percent of total CRE debt.
CREF Policy Update: July 6, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Fitch Ratings: NOI Growth for CMBS Properties Sees Good 2022, but Slower 2023 Likely
Fitch Ratings, New York, reported property-level net operating income for loans securitized within Fitch-rated U.S. multi-borrower CMBS grew 6.3% in 2022, but warned that kind of growth likely won’t be sustainable this year.
Dealmaker: BWE Secures $36M for Acquisition, Renovation of Indiana University Student Housing
Bellwether Enterprise, Cleveland, secured $36 million in acquisition financing for a student housing property at Indiana University in Bloomington, Ind.
Fitch: Commercial mREIT Sector Faces Further Pressures in 2023
Fitch Ratings, New York, said commercial mortgage real estate investment trust ratings will continue to be challenged by post-pandemic occupancy rates, “with growing recessionary risks and further deterioration of commercial real estate fundamentals.”
Support the Next Generation of CREF Professionals
The Commercial Real Estate Finance Careers Student Fellowship program provides college students, including those from groups traditionally underrepresented in the industry, with a package of networking and educational opportunities centered on the $4.5 trillion commercial real estate finance industry.