Distress Rate in NYC Multifamily CMBS Set to Rise

Commercial Observer, March 3, 2023–Mark McDevitt (subscription)
A point of interest among multifamily investors reviewing February 2023 reporting data for CMBS securitizations was the special servicing transfer of a $270.3 million floating- rate mortgage secured by a 637-unit, 11-property multifamily portfolio owned by Blackstone.
https://commercialobserver.com/2023/02/distress-rate-in-nyc-multifamily-cmbs-set-to-rise/