KBS REIT Inc. has sold 61 bank-branch properties that it had inherited from the former Gramercy Capital Corp. for $139.6 million. The portfolio was sold to Pontus Net Lease Advisors of La Jolla, Calif. The transaction resulted in the defeasance ...
KBS REIT has paid down by $52 million a CMBS loan that it had assumed in 2011 when it took over a portfolio of 138 properties with 3.9 million square feet from Gramercy Capital Corp. It's also reached a settlement ...
KBS Capital Advisors has filed a lawsuit to recoup more than $2.5 million that it says a CMBS trustee and special servicer had wrongfully placed in a cash-management account tied to a $246.5 million loan against 138 properties it owns. ...
Moody's Investors Service has downgraded three classes of BSDB 2005-AFR1, because of a decline in the collateral's debt-service coverage ratio. It placed those classes under review for possible further downgrades and has another six classes under review as well.The transaction, ...
May 25, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Moody's Final Pricing (bp) Bnch mark A-1 82.3 34.7 8.16 AAA Aaa +32 swaps A-2 116.35 34.7 14.25 AAA Aaa +36 swaps A-J 35.06 23.13 14.25 ...
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