Deal Name: Wachovia Bank Commercial Mortgage Trust

The buzz is that investor interest in Hyatt Center, a 1.5 million-square-foot office building in downtown Chicago, has been tepid. The building, which was placed on the sales block late last year by its owner, the Pritzker Realty Group, received ...

Metzler North American has paid $55 million for Renaissance Place, a 219,000-square-foot mixed-use complex in the Chicago suburb of Highland Park, Ill. The property, which has office, retail, and residential space, was sold by its developer, Davis Street Land Co.

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionGS Mortgage Securities Corp. II, 2004-C1877.2892.3B20.1Aa1Aa2Defeasance (11.3 percent of pool)---C7.8Aa2Aa3-Banc of America Commercial Mortgage Inc., 2001-PB1787.5938.3C9.4AaaAa1Increased subordination; defeasance (20.1 percent of pool)---D11.7AaaAa2----E18.8Aa2A2----F11.7Aa3A3----G14.1A2Baa1----H14.1Baa1Baa2-Wachovia Bank Commercial Mortgage Trust, 2004-C111,030.01,040.0B28.6Aa1Aa2Defeasance (9.7 percent of pool)Washington Mutual Multifamily Mortgage ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionWachovia Bank Commercial Mortgage Trust, 2003-C91,099.01,149.0B34.5AAAAAAppropriate subordination levels---C17.2AA+AA-----D33.0AA-A----E14.4A+A--Credit Suisse First Boston Mortgage Securities Corp., 2004-C11,560.01,620.0B44.6AAAAAAppropriate subordination levels; defeasance (6 percent of pool)---C18.2AA+AA-----D36.5A+A-Banc One/FCCC Commercial Mortgage Loan Trust, 2000-C161.5857.1G23.6AA+AIncreased subordination---H15.0BBB+BB+-Wachovia Bank Commercial Mortgage Trust, 2003-C8931.2974.2B29.3AA+AAAppropriate ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-116.7230.003.04AAAAaa+14swapsA-1A699.0130.008.81AAAAaaNAswapsA-2291.3430.004.83AAAAaa+22swapsA-3161.0430.006.98AAAAaa+27swapsA-PB49.2530.007.34AAAAaa+25swapsA-41,142.5330.009.86AAAAaa+24swapsA-M337.1320.009.96AAAAaa+27swapsA-J303.4211.009.98AAAAaa+30swapsB25.2810.259.98AA+Aa1+36swapsC33.179.259.98AAAa2+37swapsD29.508.3759.98AA-Aa3+41swapsE46.367.009.98AA2+45swapsF37.935.8759.98A-A3+50swapsG37.934.759.98BBB+Baa1+65swapsH33.713.759.98BBBBaa2+75swapsJ37.932.6259.98BBB-Baa3+87swapsK12.642.259.98BB+Ba1NAswapsL8.432.009.98BBBa2NAswapsM8.431.759.98BB-Ba3NAswapsN4.211.6259.98B+B1NAswapsO8.431.3759.98BB2NAswapsP8.431.1259.98B-B3NAswapsQ37.930.0010.64NRNRNAswapsIO3,371.27*NA8.71AAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,371.27 millionBookrunner(s): Wachovia SecuritiesLead Managers: Wachovia SecuritiesCo-managers: Goldman Sachs, RBS Greenwich CapitalB-piece Buyer: Hyperion Brookfield Asset ManagementMaster Servicer: Wachovia BankSpecial Servicer: LNR PartnersTrustee: Wells FargoOriginators: Wachovia Bank (90.1 percent), Artesia Mortgage Capital ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionGMAC Commercial Mortgage Securities Inc., 2002-C3736.8777.4D18.4AA+AADefeasance (16 percent of pool)--- E11.7AAAA-- ---F9.7AA-A---- G9.7AA-----H9.7A-BBB+----J18.5BBBBBB--TrizecHahn Office Properties Trust, 2001-TZH573.41,440.0D-350.3AAAAADecreased leverage-- - D-440.7AA+AA----E-339.7A+A- Wachovia Bank Commercial Mortgage Trust, 2003-C7975.01,012.0B27.8AAAAAAdequate subordination-- - C11.4AA+AA-----D25.3AAA----E13.9AA-A-----F17.7ABBB+----G12.7A-BBB----H15.2BBBBBB--

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionLB-UBS Commercial Mortgage Trust, 2004-C11,380.01,420.0B12.5AaaAa1Improved collateral performance, defeasance (7.9 percent of pool)----12.5AaaAa2-----16.0Aa1Aa3-----21.4Aa3A1-----12.5A1A2-Wachovia Bank Commercial Mortgage Securities Trust, 2004-C101,290.01,310.0B38.7AaaAa1Defeasance (15.7 percent of pool) ---C16.1Aa2Aa3----SL23.7A3Baa2Amortization of Starrett-Lehigh loan

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionGE Capital Commercial Corp., 2002-1945.81,004.0D16.9AAAAA+Increased subordination; defeasance (10 percent of pool)---E10.4AA+AA----F13.0AA-A+----G18.2AA-----H10.4A-BBB+-Bear Stearns Commercial Mortgage Securities Inc., 2004-BBA5205.01,030.0E22.7AAAAA+Increased subordination---F22.4AA+AA----G18.6AA-A+----H15.7AA--Banc of America Large Loan Inc., 2003-BBA2252.21,400.0F35.3AAAAA+Collateral repayment---G37.2AAAA+----H22.7AA--Bear Stearns Commercial Mortgage Securities Inc., 2003-TOP101,150.01,210.0B34.8AA+AAAmortization; defeasance (3 percent ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-138.8030.002.69AAAAAAAaa+7swapsA-1A623.5330.008.14AAAAAAAaaNAswapsA-2418.6830.004.88AAAAAAAaa+17swapsA-PB168.3930.007.90AAAAAAAaa+25swapsA-3215.0030.009.70AAAAAAAaa+34swapsA-4802.2530.009.82AAAAAAAaa+23swapsA-4FL250.0030.009.82AAAAAAAaaNALiborA-M359.5220.009.96AAAAAAAaa+26swapsA-J278.6312.259.96AAAAAAAaa+29swapsB22.4711.6259.96AA+AA+Aa1+33swapsC58.4210.009.96AAAAAa2+35swapsD31.469.1259.96AA-AA-Aa3+38swapsE49.437.759.96AAA2+45swapsF40.456.6259.96A-A-A3+52swapsG40.455.509.96BBB+BBB+Baa1+70swapsH40.454.3759.96BBBBBBBaa2+80swapsJ44.943.1259.96BBB-BBB-Baa3+95swapsK17.982.625 BB+BB+Ba1NAswapsL8.992.375 BBBBBa2NAswapsM13.482.00 BB-BB-Ba3NAswapsN4.491.875 B+B+B1NAswapsO8.991.625 BBB2NAswapsP8.991.375 B-B-B3NAswapsQ49.430.00 NRNRNRNAswapsX-C3,595.20NA8.28AAAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,595.20 millionBookrunner(s): Wachovia SecuritiesLead Managers: Wachovia SecuritiesCo-managers: Citigroup, Deutsche Bank, Goldman Sachs, Loop Capital MarketsB-piece Buyer: American Capital StrategiesMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: Wells Fargo BankOriginators: Wachovia Bank (69.6 percent), Nomura ...

An affiliate of Apple Hospitality Two Inc. has agreed to sell a 192-room Residence Inn by Marriott in Las Vegas for $65 million.The Richmond, Va., REIT is selling the property to a private group, MRC I Funding Corp. The hotel ...