Apollo Commercial Real Estate Finance (ARI), the listed US debt investor, has completed $143.6m in new investments. The REIT, which is managed by Apollo Global Management, has made a $50.2m CMBS acquisition and two loans totaling $93.4m – one of which was secured by a Times Square hotel in New York City. Ari acquired a $28.3m […]
2 min read · 26 June 2014
Colony American Homes’ second single-family rental securitization, the $558.5m Colony American Homes 2014-2, is on the market, becoming the fifth such offering in the rapidly growing asset class. Despite inherent risks in this and other SFR deals, such as house price volatility, managers with limited operating history, and the geographic concentration of the assets, analysts tell […]
3 min read · 19 June 2014
Fitch today assigned provisional ratings to Deutsche Bank’s Italian €355m DECO-2014 Gondola CMBS, the first new deal this year, secured on three loans to Blackstone. There is a €185.5 Class A tranche; a €65m Class B tranche; €30.5m Class C; €52m Class D; and €22m Class E, all with final legal maturity in February 2026. […]
2 min read · 18 June 2014
Bank of America Merrill Lynch has launched the second new European CMBS this year following Deutsche Bank’s Italian €355m DECO-2014 Gondola transaction two weeks ago. BAML is securitising a senior loan it recently made for Apollo Global Management’s purchase of the Project Moon portfolio comprising 135 secondary properties spread across the UK. The deal is notable […]
2 min read · 18 June 2014
Equinox, Hercules and DECO deals may be hit, Barclays Capital warns
2 min read · 28 May 2014
