So far all of the new supply entering the market, as well as Airbnb, has not had an impact on properties backing CMBS loans, Trepp says. That may change this year.
Most reports peg total investment sales in this category to be in the $8-billion to $9-billion range, which would make 2017 the second-largest volume in industry history, behind the $10-billion-plus in 2016, Pierce's Fred Pierce tells GlobeSt.com.
Former owner, Haysha Deitsch, had been sued, accused of driving the tenants from a senior assisted-living facility to sell the property for conversion to luxury apartments.
The delinquency rate has been on a downward -- and uninterrupted -- trajectory for eight consecutive months thanks to a modest resolution volume and minimal new delinquencies, according to Fitch Ratings.
New research from UCLA shows that increases in Airbnb stock leads to an increase in average rental rates, but the affordability crisis is much more complicated.
From geographical to asset type, diversifying is really about balancing risk for both lenders and investors, HALL Structured Finance's Mike Jaynes tells GlobeSt.com.