Subject: Collateralized Debt Obligation (CDO)

Capital Trust Inc. said it received $272.2 million of proceeds from the sale of $269.6 million of securities sold through its most recent collateralized debt obligation, Capital Trust RE CDO, 3.The transaction, which priced last month, was underwritten by Bear ...

Capital Trust Inc. has launched its third collateralized debt obligation.The New York REIT will issue bonds backed by a $341 million portfolio of subordinate CMBS. It will retain $71 million of bonds from the issue, CT CDO III Corp., that ...

June 21, 2005 Gramercy Capital Corp. (NYSE:GKK) has priced a $1 billion collateralized debt obligation backed primarily by mortgages that the New York finance company had originated.The CDO, Gramercy Real Estate CDO, 2005-1, is perhaps the largest real estate CDO ...

Sensing that the commercial real estate sector will eventually face some stress, Joe and John Cafiero, who had been investing in distressed mortgages during the 1990s, are looking to get back into the sector. First up is a CDO.

May 31, 2005 NorthStar Realty Finance Corp. last week priced a $400 million collateralized debt obligation through underwriter Deutsche Bank.The issue, N-Star Real Estate CDO IV, was backed by a portfolio of B-notes (57 percent of the pool), mezzanine loans ...

The CMBS investor is said to be working on what would be the industry's first CDO backed entirely by synthetic CMBS. Last month, it priced a transaction that had a 6 percent exposure to the derivative securities.

April 20, 2005 Commercial Real Estate Direct Staff ReportCWCapital's initial collateralized-debt obligation priced yesterday at tight spreads – unusual at a time when CMBS spreads in general have widened substantially.The issue, the first for CWCapital, was underwritten by Wachovia Securities. ...

April 7, 2005Commercial Real Estate Direct Staff ReportGMAC Institutional Advisors is the most active collateral manager in the real estate collateralized debt obligation market, according to a ranking compiled by Standard & Poor's.The rating agency ranked collateral managers based on ...

Standard & Poor's has downgraded 46 classes of collateralized debt obligations backed by trust preferred shares because of the "weakening credit quality" of the mortgage REITS that issued the TruPS.The 46 classes are from nine CDO transactions. The rating agency ...

Standard & Poor's has downgraded 46 classes of collateralized debt obligations backed by trust preferred shares because of the "weakening credit quality" of the mortgage REITS that issued the TruPS.The 46 classes are from nine CDO transactions. The rating agency ...