Urban multifamily rental demand is improving as pandemic restrictions are lifted and workers return to offices, but a full recovery could take longer than prior recoveries, reported Fitch Ratings, New York.
Tag: Fitch Ratings
CMBS Delinquencies Tick Up; Special Servicing Rate Drops
The commercial mortgage-backed securities delinquency rate and special servicing rate moved in opposite directions in April, two new reports said.
CMBS Delinquency Rate Falls Again
The commercial mortgage-backed securities delinquency rate fell once again in March and most CMBS rating actions were affirmations, analysts reported
Risks to Affordable Multifamily Housing Remain Despite Stimulus
Fitch Ratings, New York, said rental assistance provided under the American Rescue Plan will help renters and multifamily property landlords, but the extent to which the ARP can keep delinquencies low is uncertain, as the amount of unpaid back rent is difficult to estimate due to lack of data.
Work-From-Home Trend Pressures Office Properties
The central business district shutdowns that began just over a year ago dramatically increased remote working and pressure on office properties, said Fitch Ratings, New York.
C/MF Briefs From Fitch, CBRE, Boston Financial Investment Management/Boston Capital
Fitch Ratings, New York, said growth for new technology in corporate IT, remote work initiatives, e-commerce, digital content and entertainment accelerated data center demand in 2020 due to the coronavirus pandemic.
REIT Outlook Negative, But Improving
The 2021 rating outlook for U.S. real estate investment trusts remains negative, but Fitch Ratings, New York, said its outlook for the sector is improving.
CMBS Delinquency Rate Dips
The commercial mortgage-backed securities delinquency rate dipped in November, largely due to continued Coronavirus debt relief, said Fitch Ratings, New York.
Top Five Commercial Mortgage Servicing Issues to Watch in 2021
While most will be monitoring increased infections and the progress of vaccine distribution and effectiveness, loan servicing and asset management professionals will have some additional factors impacting their organizations and books of business in the new year.
What to Expect When Expecting Distress: A CMBS Servicer Roundtable
Market participants expected a record year for commercial/multifamily originations in 2020. But by March, these expectations were managed down as production teams shifted to assisting with portfolio management tasks in a marketplace which, in some respects, shut down with the economy.