The first half of 2024 has been strong for CMBS, with domestic private-label issuance totaling $42.29 billion, according to Trepp. That is almost three times the $16.47 billion the same period in 2023 saw. It's also up from $24.6 billion in the first quarter.
The number of deals in the first half of 2024 was 61, more than 2.4 times higher than the 25 in 2023. There was also a big difference in the proportions of conduit and single-borrower CMBS deals. In 2023, there were 12 conduit deals (56.91%) and 13 single-borrower deals (43.09%). However, in 2024 there were 14 conduit (28.77%) and 47 single-borrower deals (71.23%).
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
