When The Blackstone Group agreed to buy the US mall portfolio of Sydney-based Centro Properties Group last March for $9.4 billion, one might have imagined the deal impossible to finance. However, a significant portion of the investment was funded via the commercial mortgage backed securities (CMBS) market in a sign that this relatively dormant part of real estate finance was re-awakening.
“These private equity firms are hoping the CMBS market is
available both to finance their acquisitions and refinance maturing
loans on properties they already own,” says Ben Thypin,
director of market analysis at Real Capital Analytics. “So it’svery much in their best interest to have a robust CMBS market.”
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Ben Carlos Thypin
I am currently the co-founder of Quantierra, the world's first data driven real estate brokerage and investment manager. In my former life as Director of Market Analysis at Real Capital Analytics, I worked with press outlets large and small to provide them with great data and insightful commentary. Here are some of the results of this collaboration. For the rest, please check out the News Archive.
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