The TreppWire Podcast: A Commercial Real Estate Show
322 episodes - English - Latest episode: 3 days ago -Leveraging Trepp’s market expertise and proprietary data sets, The TreppWire Podcast enables listeners to stay up-to-date on all things commercial real estate, structured finance and banking.
Featuring Trepp subject matter experts and guests from across the industry, the weekly podcast explores how recent events have impacted both the markets and the daily lives of market participants.
Questions or comments? Please contact us at [email protected].
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Episodes
62. The Delinquency Digest, Eviction Moratorium Rundown, UK CRE News, Notable Leases & Sales
February 06, 2021 00:00 - 57 minutes - 78.7 MBIn this week’s episode, we welcome Trepp’s Head of EMEA & APAC, and Chair of the MERG, Vivek-Anand Dattani to give a rundown of what is happening in the European markets. We also dive into US market news, highlight the latest delinquency and distress rates, review CMBX trading, retail and office news, and the Eviction Moratorium. Listen until the end for the team’s Super Bowl LV picks. Episode Notes • Covid and market news around the globe (1:00) • US Market Update (3:45) • Delinquency, spec...
61. Follow the Feet: Tracking CRE Performance Using Consumer Behavior ft Ethan Chernofsky, Placer.ai
February 02, 2021 00:00 - 33 minutes - 45.2 MBIn a special episode, we welcome Ethan Chernofsky, VP of Marketing at Placer.ai, a firm that uses cellphone data to track consumer behavior. We discuss how watching foot traffic in retail has emerged as a leading indicator of property performance. We also cover surprises in offline retail, the 2020 retail winners, and predictions for 2021 winners. Episode Notes • About Placer.ai (00:30) • Surprises in the demand for data(2:48) • 2020 retail winners (6:08) • Challenges for malls (9:00) • An ...
The Short Squeeze Frenzy, Conversion of Malls, Loans to Watch Across Property Sectors
January 28, 2021 00:00 - 48 minutes - 66.5 MBIn this week’s episode, we break down the short squeeze surge that made headlines this week and why it matters to the commercial real estate market. We also discuss the latest retailer closings, the conversion of malls, more news on apartment occupancy, and corporate office closures. The team highlights some of very own Trading Alerts for those in the market. Episode Notes: Stark stock moves and why it matters for CRE (0:44) Retail closures (12:40) Trading Alerts (14:35) The conversion of m...
60. The Short Squeeze Frenzy, Conversion of Malls, Loans to Watch Across Property Sectors
January 27, 2021 00:00 - 48 minutes - 66.5 MBIn this week’s episode, we break down the short squeeze surge that made headlines this week and why it matters to the commercial real estate market. We also discuss the latest retailer closings, the conversion of malls, more news on apartment occupancy, and corporate office closures. The team highlights some of very own Trading Alerts for those in the market. Episode Notes: Stark stock moves and why it matters for CRE (0:44) Retail closures (12:40) Trading Alerts (14:35) The conversion of m...
Vaccines and Vacancy, Cracks in Multifamily, Q4 Bank Earnings, Wave of Hotel Bankruptcies
January 23, 2021 00:00 - 43 minutes - 59.4 MBIn this week’s episode, we break down what the new policies from the Biden administration could mean for CRE and finance and specifically discuss the vaccine rollout. We also talk about the big takeaways from Q4 bank earnings, the latest bank loan delinquency rates, tumbling occupancy levels in the multifamily sector, and a wave of hotel bankruptcies. Tune in to hear how we also work chicken wings, Tom Brady, and airline wine into the conversation. Episode Notes: Vaccine rollout and adminis...
59. Vaccines and Vacancy, Cracks in Multifamily, Q4 Bank Earnings, Wave of Hotel Bankruptcies
January 22, 2021 00:00 - 43 minutes - 59.4 MBIn this week’s episode, we break down what the new policies from the Biden administration could mean for CRE and finance and specifically discuss the vaccine rollout. We also talk about the big takeaways from Q4 bank earnings, the latest bank loan delinquency rates, tumbling occupancy levels in the multifamily sector, and a wave of hotel bankruptcies. Tune in to hear how we also work chicken wings, Tom Brady, and airline wine into the conversation. Episode Notes: Vaccine rollout and adminis...
The 2021 CRE Outlook with Deloitte Real Estate’s Kathy Feucht and John D’Angelo
January 19, 2021 00:00 - 37 minutes - 51.5 MBDeloitte recently published its 2021 commercial real estate outlook, outlining opportunities for CRE practitioners to respond, recover and thrive during the pandemic. We welcome Deloitte’s Kathy Feucht, Global Real Estate Leader, and John D’Angelo, Managing Director to discuss their findings and recommendations. The team also dives into the digital transformation of real estate, discusses the future for office, and reviews the threat of cybersecurity in the age of working from home. Deloit...
58. The 2021 CRE Outlook with Deloitte Real Estate’s Kathy Feucht and John D’Angelo
January 18, 2021 00:00 - 37 minutes - 51.5 MBDeloitte recently published its 2021 commercial real estate outlook, outlining opportunities for CRE practitioners to respond, recover and thrive during the pandemic. We welcome Deloitte’s Kathy Feucht, Global Real Estate Leader, and John D’Angelo, Managing Director to discuss their findings and recommendations. The team also dives into the digital transformation of real estate, discusses the future for office, and reviews the threat of cybersecurity in the age of working from home. Deloit...
Distressed Property Valuations, Major Metro Office Headlines, Corporate Transparency for CRE
January 15, 2021 00:00 - 51 minutes - 70.6 MBIn this week’s episode, Trepp’s Head of Advisory Services, Lonnie Hendry, gives an overview of property valuations and the use of multipliers as a reliable data point. We also break down economic news and the stimulus package, the December payoff report, CRE loan performance, and ponder office headlines that ask the question, is the office desk dead? Lastly, we discuss the National Defense Authorization's Corporate Transparency Act and talk football on Nickelodeon. Episode Notes: Economic ...
57. Distressed Property Valuations, Major Metro Office Headlines, Corporate Transparency for CRE
January 14, 2021 00:00 - 51 minutes - 70.6 MBIn this week’s episode, Trepp’s Head of Advisory Services, Lonnie Hendry, gives an overview of property valuations and the use of multipliers as a reliable data point. We also break down economic news and the stimulus package, the December payoff report, CRE loan performance, and ponder office headlines that ask the question, is the office desk dead? Lastly, we discuss the National Defense Authorization's Corporate Transparency Act and talk football on Nickelodeon. Episode Notes: Economic ...
A Look at Travel and Hospitality News, More Retail Closures, What’s to Come for 2021
January 09, 2021 00:00 - 57 minutes - 78.8 MBIn this week's episode, the team reviews the impact (or lack thereof) of the Capitol news on financial markets. We also discuss the latest December CMBS delinquency numbers, travel and hospitality headlines, news in the office sector, and the recent retail closures. To close, we reminisce on past CREFC events and dive into what’s to come for the year ahead. Episode Notes: Capitol, election, financial market update (1:10) December CMBS delinquency numbers (7:33) Travel headlines (9:35) Holi...
56. A Look at Travel and Hospitality News, More Retail Closures, What’s to Come for 2021
January 08, 2021 00:00 - 57 minutes - 78.8 MBIn this week's episode, the team reviews the impact (or lack thereof) of the Capitol news on financial markets. We also discuss the latest December CMBS delinquency numbers, travel and hospitality headlines, news in the office sector, and the recent retail closures. To close, we reminisce on past CREFC events and dive into what’s to come for the year ahead. Episode Notes: Capitol, election, financial market update (1:10) December CMBS delinquency numbers (7:33) Travel headlines (9:35) Holi...
Trepp Year-in-Review 2020: Biggest CRE Surprises, Performance by Property Type, CMBS Trends
December 30, 2020 00:00 - 59 minutes - 81.9 MBIn this week's episode, we take stock of everything that happened in the CRE and CMBS markets in 2020. The CRE market has withstood one of the most impactful shocks to its ecosystem, which has meant different things to each property sector. We look at the biggest surprises of the year, CMBS delinquency rate trends, issuance volume, spread movements, and highlights of the year. Episode Notes: What a difference a year makes… (1:05) CMBS delinquency rate trends (6:39) Issuance volume (10:26) Sp...
55. Trepp Year-in-Review 2020: Biggest CRE Surprises, Performance by Property Type, CMBS Trends
December 29, 2020 00:00 - 59 minutes - 81.9 MBIn this week's episode, we take stock of everything that happened in the CRE and CMBS markets in 2020. The CRE market has withstood one of the most impactful shocks to its ecosystem, which has meant different things to each property sector. We look at the biggest surprises of the year, CMBS delinquency rate trends, issuance volume, spread movements, and highlights of the year. Episode Notes: What a difference a year makes… (1:05) CMBS delinquency rate trends (6:39) Issuance volume (10:26) Sp...
Analyzing CRE Property Valuations, Q3 Bank Loan Performance, Fresh CMBS Delinquency Data
December 24, 2020 00:00 - 54 minutes - 74.4 MBThe $900 billion dollar relief bill includes targeted relief for commercial real estate. What does it look like? In this week's episode, we examine the relief measures, the preliminary December CMBS delinquency data, property valuations in this environment, Q3 bank CRE loan performance, and the Federal Reserve’s mid-year stress tests. The team also discusses the potential for new traditions in this COVID-holiday season and what those look like. Episode Notes: Relief for the CRE industry? (1:...
54. Analyzing CRE Property Valuations, Q3 Bank Loan Performance, Fresh CMBS Delinquency Data
December 23, 2020 00:00 - 54 minutes - 74.4 MBThe $900 billion dollar relief bill includes targeted relief for commercial real estate. What does it look like? In this week's episode, we examine the relief measures, the preliminary December CMBS delinquency data, property valuations in this environment, Q3 bank CRE loan performance, and the Federal Reserve’s mid-year stress tests. The team also discusses the potential for new traditions in this COVID-holiday season and what those look like. Episode Notes: Relief for the CRE industry? (1:...
Leveraging CRE Tech during the COVID-19 Crisis with Michael Mandel from CompStak
December 23, 2020 00:00 - 27 minutes - 38.2 MBWe welcome Michael Mandel, Co-Founder and CEO of CompStak, a nationwide provider of crowdsourced commercial real estate lease and sales comp data. We discuss the impact of COVID-19 on the CRE tech industry, analyzing lease comps, slower deal velocity, and winners and losers post-pandemic. Episode Notes: Integrating Trepp and CompStak data (1:50) Impacts of slower deal velocity (6:48) The demand for data in CRE tech (9:20) Facebook’s Penn Station area lease (13:15) Analyzing office tenant r...
53. Leveraging CRE Tech during the COVID-19 Crisis with Michael Mandel from CompStak
December 22, 2020 00:00 - 27 minutes - 38.2 MBWe welcome Michael Mandel, Co-Founder and CEO of CompStak, a nationwide provider of crowdsourced commercial real estate lease and sales comp data. We discuss the impact of COVID-19 on the CRE tech industry, analyzing lease comps, slower deal velocity, and winners and losers post-pandemic. Episode Notes: Integrating Trepp and CompStak data (1:50) Impacts of slower deal velocity (6:48) The demand for data in CRE tech (9:20) Facebook’s Penn Station area lease (13:15) Analyzing office tenant r...
Digging into Mall Loan Losses, Retail Loan Modifications, Falling RevPAR
December 18, 2020 00:00 - 1 hour - 83.7 MBIn this week's episodet, we dig into mall loan losses, a noteworthy CMBX retail loan modification, recent retail bankruptcies, multifamily occupancy rates, falling RevPAR, and troubled debt restructurings. Manus also shares his experience of visiting Manhattan for the first time since March. Episode Notes: On the ground in NYC (4:32) A noteworthy CMBX retail loan modification (8:30) Analyzing mall loan losses (15:25) The surge in distribution and warehouse leases (23:10) Retail bankruptcies ...
52. Digging into Mall Loan Losses, Retail Loan Modifications, Falling RevPAR
December 17, 2020 00:00 - 1 hour - 83.7 MBIn this week's episodet, we dig into mall loan losses, a noteworthy CMBX retail loan modification, recent retail bankruptcies, multifamily occupancy rates, falling RevPAR, and troubled debt restructurings. Manus also shares his experience of visiting Manhattan for the first time since March. Episode Notes: On the ground in NYC (4:32) A noteworthy CMBX retail loan modification (8:30) Analyzing mall loan losses (15:25) The surge in distribution and warehouse leases (23:10) Retail bankruptcies ...
Key CRE Trends from a Broker’s Perspective with Michael Bull from America’s CRE Show & Bull Realty
December 16, 2020 00:00 - 31 minutes - 42.8 MBIn a special episode, we welcome Michael Bull, Founder and CEO of Bull Realty and the host of America's Commercial Real Estate Show. We discuss key CRE trends from a broker’s perspective, property repositionings, the future of the office market, and potential long-term changes in the CRE transaction process. Episode Notes: The current vibe in Atlanta (1:41) Key CRE trends from a broker’s perspective (2:56) Retail, hotel and office performance (8:07) Potential changes in the CRE transaction ...
51. Key CRE Trends from a Broker’s Perspective with Michael Bull, America’s CRE Show & Bull Realty
December 15, 2020 00:00 - 31 minutes - 42.8 MBIn a special episode, we welcome Michael Bull, Founder and CEO of Bull Realty and the host of America's Commercial Real Estate Show. We discuss key CRE trends from a broker’s perspective, property repositionings, the future of the office market, and potential long-term changes in the CRE transaction process. Episode Notes: The current vibe in Atlanta (1:41) Key CRE trends from a broker’s perspective (2:56) Retail, hotel and office performance (8:07) Potential changes in the CRE transaction ...
A Global Inflection Point, Declining Special Servicing Rates, Changes in Corporate & Consumer Habits
December 11, 2020 00:00 - 49 minutes - 68 MBThe sense is that we’re at a global inflection point, with the economy dependent on how fast a vaccine can be fully approved and distributed. In this week's episode, we break down the recent macro news, a declining CMBS special servicing rate, the loan payoff report, and the potential permanent changes in corporate and consumer habits. We also analyze Bob Dylan and Stevie Nicks’ recent nine figure catalog sales. Episode Notes: A global inflection point (1:04) The declining CMBS special serv...
50. A Global Inflection Point, Special Servicing Rates Decline, Changes in Corporate/Consumer Habits
December 10, 2020 00:00 - 49 minutes - 68 MBThe sense is that we’re at a global inflection point, with the economy dependent on how fast a vaccine can be fully approved and distributed. In this week's episode, we break down the recent macro news, a declining CMBS special servicing rate, the loan payoff report, and the potential permanent changes in corporate and consumer habits. We also analyze Bob Dylan and Stevie Nicks’ recent nine figure catalog sales. Episode Notes: A global inflection point (1:04) The declining CMBS special serv...
Falling Occupancy Rates, Bank CRE Loan Delinquencies, Demand for Office Space
December 04, 2020 00:00 - 1 hour - 84.1 MBLast week we talked about falling occupancy rates in the multifamily housing market. In this week's episode, we take a deeper dive into this potential trend across all property types. We also look at bank CRE loan vs CMBS delinquencies, the demand (or lack thereof) for office space, and the most recent bad news for retail. Listen here. Episode Notes: Bank CRE loan delinquencies (3:21) Multifamily occupancy rates dipping (10:44) More bad news for brick and mortar retail (17:48) The demand (o...
49. Falling Occupancy Rates, Bank CRE Loan Delinquencies, Demand for Office Space
December 03, 2020 00:00 - 1 hour - 84.1 MBLast week we talked about falling occupancy rates in the multifamily housing market. In this week's episode, we take a deeper dive into this potential trend across all property types. We also look at bank CRE loan vs CMBS delinquencies, the demand (or lack thereof) for office space, and the most recent bad news for retail. Listen here. Episode Notes: Bank CRE loan delinquencies (3:21) Multifamily occupancy rates dipping (10:44) More bad news for brick and mortar retail (17:48) The demand (o...
An Early Look at November Delinquency Rates, Options for Distressed Hoteliers, the Urban Exodus
November 26, 2020 00:00 - 51 minutes - 70 MBWith 90% of reporting now complete for the month of November, what do the latest delinquency numbers look like? In this week's episode, we dig into this month’s delinquency data, sagging occupancy rates, the urban exodus and its impact on multifamily, and options for distressed hoteliers. The team also shares what we’re thankful for this year. Episode Notes: Optimism going into the holidays (0:59) November delinquency numbers (8:40) Sagging occupancy rates (16:35) The urban exodus and its i...
48. An Early Look at November Delinquency Rates, Options for Distressed Hoteliers, the Urban Exodus
November 25, 2020 00:00 - 51 minutes - 70 MBWith 90% of reporting now complete for the month of November, what do the latest delinquency numbers look like? In this week's episode, we dig into this month’s delinquency data, sagging occupancy rates, the urban exodus and its impact on multifamily, and options for distressed hoteliers. The team also shares what we’re thankful for this year. Episode Notes: Optimism going into the holidays (0:59) November delinquency numbers (8:40) Sagging occupancy rates (16:35) The urban exodus and its i...
CRE Investing and Servicing with Adam Behlman, President of Real Estate at Starwood Property Trust
November 25, 2020 00:00 - 38 minutes - 52 MBIn a special episode, we welcome Adam Behlman, President of Real Estate Investing & Servicing at Starwood Property Trust, the largest commercial mortgage REIT in the US with a market cap of $5 billion. We discuss the volatility today compared to the Great Financial Crisis, the current mindset of borrowers, opportunity for the CMBS market, forbearance relief, and challenges in appraisals. Episode Notes: Comparing the Great Financial Crisis to the pandemic (5:39) Starwood’s conduit lending bus...
47. CRE Investing & Servicing with Adam Behlman, President of Real Estate at Starwood Property Trust
November 24, 2020 00:00 - 38 minutes - 52 MBIn a special episode, we welcome Adam Behlman, President of Real Estate Investing & Servicing at Starwood Property Trust, the largest commercial mortgage REIT in the US with a market cap of $5 billion. We discuss the volatility today compared to the Great Financial Crisis, the current mindset of borrowers, opportunity for the CMBS market, forbearance relief, and challenges in appraisals. Episode Notes: Comparing the Great Financial Crisis to the pandemic (5:39) Starwood’s conduit lending bus...
The Hotel Sector in Dire Straits, Warehouse Loan Hedging 101, Early Indicators of Bank Failure Risk
November 20, 2020 00:00 - 52 minutes - 71.8 MBWhat’s next for the struggling hotel sector? In this week's episode, we analyze the flurry of bad news for hotels, which make up the third-largest property type by outstanding CMBS balance. We also discuss retail earnings, warehouse loan hedging 101, early indicators for bank failure risk, and what our Thanksgiving festivities will look like this year. Episode Notes: Retail earnings takeaways (1:05) The lodging sector in dire straits (9:09) Notable TreppWire headlines (19:52) Deal of the Wee...
46. Hotel Sector in Dire Straits, Warehouse Loan Hedging 101, Early Indicators of Bank Failure Risk
November 19, 2020 00:00 - 52 minutes - 71.8 MBWhat’s next for the struggling hotel sector? In this week's episode, we analyze the flurry of bad news for hotels, which make up the third-largest property type by outstanding CMBS balance. We also discuss retail earnings, warehouse loan hedging 101, early indicators for bank failure risk, and what our Thanksgiving festivities will look like this year. Episode Notes: Retail earnings takeaways (1:05) The lodging sector in dire straits (9:09) Notable TreppWire headlines (19:52) Deal of the Wee...
Property Performance Predictions in a Post-Vaccine World
November 13, 2020 00:00 - 54 minutes - 74.7 MBA widely available vaccine will change the game for commercial real estate, which has of course been hit hard this year. In this week's episode, we offer performance predictions for each property type as the return to normalcy begins to come into focus. Episode Notes: Hotel performance in a post-vaccine world (1:00) The shift in retail (11:02) Office prices falling (14:38) Is multifamily performance sustainable? (24:55) Delinquency rate predictions (29:59) Sternlicht’s comments on hotel and...
45. Property Performance Predictions in a Post-Vaccine World
November 12, 2020 00:00 - 54 minutes - 74.7 MBA widely available vaccine will change the game for commercial real estate, which has of course been hit hard this year. In this week's episode, we offer performance predictions for each property type as the return to normalcy begins to come into focus. Episode Notes: Hotel performance in a post-vaccine world (1:00) The shift in retail (11:02) Office prices falling (14:38) Is multifamily performance sustainable? (24:55) Delinquency rate predictions (29:59) Sternlicht’s comments on hotel and...
Potential Regulatory Changes Post-Election, Risk Retention 101, Notable Q3 CRE Data
November 06, 2020 00:00 - 51 minutes - 70 MBWith the pressure of the flash recession and a new presidential agenda likely, we may see renewed emphasis on surveillance and risk management for larger financial institutions. In this week's episode, we break down potential regulatory changes, the history of risk retention rules, and measures on the ballot affecting CRE. We also dig into notable Q3 CRE data, the CMBS payoff report, bank failure risk, and the parallels between retail tenants and the legendary (and now defunct) American Baske...
44. Potential Regulatory Changes Post-Election, Risk Retention 101, Notable Q3 CRE Data
November 05, 2020 00:00 - 51 minutes - 70 MBWith the pressure of the flash recession and a new presidential agenda likely, we may see renewed emphasis on surveillance and risk management for larger financial institutions. In this week's episode, we break down potential regulatory changes, the history of risk retention rules, and measures on the ballot affecting CRE. We also dig into notable Q3 CRE data, the CMBS payoff report, bank failure risk, and the parallels between retail tenants and the legendary (and now defunct) American Baske...
CRE Investment Insights with Dr. David Hartzell & Caroline O’Neill from UNC’s Kenan-Flagler PE Fund
November 04, 2020 00:00 - 39 minutes - 54.4 MBThe University of North Carolina Kenan-Flagler private equity fund was the first student-run real estate fund whose mission was to invest outside capital in an educational setting to deliver real returns for investors. In a special episode, we welcome Dr. David Hartzell, Director of the Leonard Wood Center for Real Estate Studies at UNC, and Caroline O’Neill, full-time MBA student and manager of UNC’s fund. We discuss their CRE investment strategies, deal sourcing for the fund, shifting demog...
43. CRE Investment Insights with Dr. David Hartzell & Caroline O’Neill, UNC Kenan-Flagler PE Fund
November 03, 2020 00:00 - 39 minutes - 54.4 MBThe University of North Carolina Kenan-Flagler private equity fund was the first student-run real estate fund whose mission was to invest outside capital in an educational setting to deliver real returns for investors. In a special episode, we welcome Dr. David Hartzell, Director of the Leonard Wood Center for Real Estate Studies at UNC, and Caroline O’Neill, full-time MBA student and manager of UNC’s fund. We discuss their CRE investment strategies, deal sourcing for the fund, shifting demog...
The Outlook for the Distressed Debt Market, Retail Valuations, Recent CMBS Pricing Levels
October 30, 2020 00:00 - 42 minutes - 58.7 MBIn this week's episode, we analyze the outlook for the distressed asset market, recent pricing levels, retail valuations, the concept of a “loss waiting to happen,” and the big CRE stories of the week. With Halloween right around the corner, we discuss haunted CRE properties in the New York City area. Episode Notes: When will the other shoe drop? (0:59) Recent CMBS pricing (3:35) Notable CRE stories this week (8:35) A spike in rent concessions (10:49) The outlook for the distressed debt mark...
42. The Outlook for the Distressed Debt Market, Retail Valuations, Recent CMBS Pricing Levels
October 29, 2020 00:00 - 42 minutes - 58.7 MBIn this week's episode, we analyze the outlook for the distressed asset market, recent pricing levels, retail valuations, the concept of a “loss waiting to happen,” and the big CRE stories of the week. With Halloween right around the corner, we discuss haunted CRE properties in the New York City area. Episode Notes: When will the other shoe drop? (0:59) Recent CMBS pricing (3:35) Notable CRE stories this week (8:35) A spike in rent concessions (10:49) The outlook for the distressed debt mark...
Borrowers Giving Back the Keys to Their Properties in Droves, A 6 Month Corporate CLO Credit Cycle
October 23, 2020 00:00 - 47 minutes - 64.6 MBOur loyal listeners may recall that we recently discussed creating a list of CMBS loans for which the borrower has indicated a willingness to return the collateral to the lender. In this week's episode, we analyze the data behind borrowers looking to give back their keys, the preliminary October CMBS delinquency numbers, and noteworthy valuation cuts. In the last 6 months, corporate CLOs have arguably gone through a full credit cycle. Andrew Jacobs, Head of Structured Finance at Trepp, takes ...
41. Borrowers Giving Back the Keys to Their Properties in Droves, 6 Month Corporate CLO Credit Cycle
October 22, 2020 00:00 - 47 minutes - 64.6 MBOur loyal listeners may recall that we recently discussed creating a list of CMBS loans for which the borrower has indicated a willingness to return the collateral to the lender. In this week's episode, we analyze the data behind borrowers looking to give back their keys, the preliminary October CMBS delinquency numbers, and noteworthy valuation cuts. In the last 6 months, corporate CLOs have arguably gone through a full credit cycle. Andrew Jacobs, Head of Structured Finance at Trepp, takes ...
The Impact of COVID-19 from a Rating Agency’s Perspective with Eric Thompson from KBRA
October 21, 2020 00:00 - 32 minutes - 43.8 MBIn a special episode, we welcome Eric Thompson, Global Head of Structured Finance at Kroll Bond Rating Agency and Chair-Elect of the CRE Finance Council, to discuss the differences between this pandemic and the Great Financial Crisis, rating new CMBS deals, potential structural changes coming out of this crisis, and challenges that come with a high volume of forbearances. Episode Notes: Comparisons to the Great Financial Crisis (1:22) Structural changes coming out of this recession? (3:40) ...
40. The Impact of COVID-19 from a Rating Agency’s Perspective with Eric Thompson from KBRA
October 20, 2020 00:00 - 32 minutes - 43.8 MBIn a special episode, we welcome Eric Thompson, Global Head of Structured Finance at Kroll Bond Rating Agency and Chair-Elect of the CRE Finance Council, to discuss the differences between this pandemic and the Great Financial Crisis, rating new CMBS deals, potential structural changes coming out of this crisis, and challenges that come with a high volume of forbearances. Episode Notes: Comparisons to the Great Financial Crisis (1:22) Structural changes coming out of this recession? (3:40) ...
Retail Property Valuations, The Big Takeaways from Q3 Bank Earnings, Shadow Delinquencies
October 16, 2020 00:00 - 1 hour - 87.3 MBThe big bank Q3 earning reports this week show us that banks with a higher concentration in the capital markets may be weathering the storm better than their peers. In this week's episode, we break down bank earnings, retail property valuations, shadow delinquencies, hotel exposure by MSA, and the potential reduced demand for office space. The podcast team also shares their personal dress codes for remote work. Episode Notes: Consumer and investor sentiment (1:01) Retail property valuations ...
39. Retail Property Valuations, The Big Takeaways from Q3 Bank Earnings, Shadow Delinquencies
October 15, 2020 00:00 - 1 hour - 87.3 MBThe big bank Q3 earning reports this week show us that banks with a higher concentration in the capital markets may be weathering the storm better than their peers. In this week's episode, we break down bank earnings, retail property valuations, shadow delinquencies, hotel exposure by MSA, and the potential reduced demand for office space. The podcast team also shares their personal dress codes for remote work. Episode Notes: Consumer and investor sentiment (1:01) Retail property valuations ...
Key CRE Metrics for Assessing the Recovery with KC Conway, Chief Economist at CCIM
October 14, 2020 00:00 - 38 minutes - 52.1 MBWe welcome KC Conway, Chief Economist at CCIM, to discuss his predictions for the market, key CRE metrics for assessing the recovery, the convergence of retail and industrial, the increased focus on ESG, areas of opportunity, and the impact of the U.S. election and potential regulatory changes on CRE. Episode Notes: The vibe in Georgia (1:55) A W shaped recovery (3:30) Key CRE metrics to watch (13:30) The convergence of retail and industrial (21:22) Increased focus on ESG (24:43) Areas of o...
38. Key CRE Metrics for Assessing the Recovery with KC Conway, Chief Economist at CCIM
October 13, 2020 00:00 - 38 minutes - 52.1 MBWe welcome KC Conway, Chief Economist at CCIM, to discuss his predictions for the market, key CRE metrics for assessing the recovery, the convergence of retail and industrial, the increased focus on ESG, areas of opportunity, and the impact of the U.S. election and potential regulatory changes on CRE. Episode Notes: The vibe in Georgia (1:55) A W shaped recovery (3:30) Key CRE metrics to watch (13:30) The convergence of retail and industrial (21:22) Increased focus on ESG (24:43) Areas of o...
The Recession-Resistant Self-Storage Sector, the Loan Payoff Report, Retail & Lodging Performance
October 09, 2020 00:00 - 51 minutes - 70.8 MBAmid the disruption caused by the coronavirus pandemic, there have been a number of trends that have directly impacted demand in the self-storage sector. In this week's episode, we analyze the “recession-resistant” self-storage market, the surge in retail and lodging special servicing rates, and the loan payoff report. Manus Clancy also hands out his highly coveted Tom Petty “I Won’t Back Down” awards. Episode Notes: Are we losing stimulus momentum? (0:57) The surge in retail and lodging in ...
37. The Recession-Resistant Self-Storage Sector, Loan Payoff Report, Retail & Lodging Performance
October 08, 2020 00:00 - 51 minutes - 70.8 MBAmid the disruption caused by the coronavirus pandemic, there have been a number of trends that have directly impacted demand in the self-storage sector. In this week's episode, we analyze the “recession-resistant” self-storage market, the surge in retail and lodging special servicing rates, and the loan payoff report. Manus Clancy also hands out his highly coveted Tom Petty “I Won’t Back Down” awards. Episode Notes: Are we losing stimulus momentum? (0:57) The surge in retail and lodging in ...