CMBS Market Active, But Volume Still Dashes Hopes

Aug 1, 2012 12:47 PM, By Elaine Misonzhnik, Senior Associate Editor
Article by: National Real Estate Investor

 

Year-to-date, the U.S. commercial real estate market saw $22.5 billion in new CMBS issuance, according to Commercial Mortgage Alert, an industry newsletter. Somewhere close to $10 billion in additional deals might come to market in the coming months, according to Commercial Real Estate Direct, another industry publication. That would put 2012’s non-agency CMBS volume on par with 2011’s $32.9 billion, but fall $15 to $20 billion short of earlier expectations, according to Ken Cheng, managing director for CMBS new issuance ratings with Horsham, Pa.-based Morningstar Credit Ratings LLC.

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