Ashford Hospitality Trust Inc has transferred to its lenders 13 hotels with 2,127 rooms that backed $4051 million of debt during the third quarter The Dallas REIT expects to give up more properties, as they continue to face challenges as a result of...
Commercial Real Estate Direct Staff Report The $600 million CMBS loan against a portfolio of 29 hotels with 7,015 rooms owned by Atrium Hotels has fallen delinquent The delinquency, highlighted by Kroll Bond Rating Agency in its latest CMBS Loan...
A total of 86 CMBS loans with a balance of $41 billion are now classified as being in foreclosure or their sponsors are negotiating to turn their properties over in deeds-in-lieu of foreclosure, according to Trepp LLC That volume is a subset of the...
Blackstone Real Estate Income Trust Inc has agreed to pay $12 billion for Simply Self Storage, a company owned by a fund managed by Brookfield Asset Management Inc Simply Self Storage owns more than 120 facilities with about 8 million square feet in...
Commercial Real Estate Direct Staff Report Goldman Sachs has launched a $265 million CMBS transaction against a portfolio of 58 InnTown Suites extended-stay hotels with 7,140 rooms owned by affiliates of Starwood Capital Group It’s not the...
Vornado Realty Trust has secured $500 million of financing against Penn 11, a 12-million-square-foot office building in Manhattan The interest-only loan, from an undisclosed lender, pays a coupon of Libor plus 275 basis points and matures in October...
Commercial Real Estate Direct Staff Report The Starwood Capital Group venture that owns the Louis Joliet Mall in the Chicago suburb of Joliet, Ill, is negotiating a handover of the property through a deed-in-lieu of foreclosure to its lender,...
Marcus & Millichap Inc, as expected, has struck a deal to buy Mission Capital Advisors, giving it deep capabilities in the loan-sales market and bolstering its equity and debt placement abilities “Mission’s loan sales and consulting...
Shopping malls continue to face challenges, but well-capitalized sponsors increasingly have been able to negotiate modifications for loans against properties that had performed strongly before the coronavirus...
Pyramid Cos has reached an agreement for the modification of a CMBS loan against another of its shopping malls That brings the volume of loans for which the Syracuse, NY, developer has reached modification agreements to $2 billion, or 91 percent of...
