Our tracking puts $8.7 billion of mall CMBS in special servicing.
U.S. mall values rose 13%, according to Green Street, but the gain is concentrated in about 250 Class-A properties that account for 90% of U.S. mall value. The remaining malls hold the other 10%.
Our tracking puts $8.7 billion of mall CMBS in special servicing. The debt figure is separate from the Class-A properties behind the value rise.
Reported by The Wrap desk from Green Street. Published . Corrections
The package includes a £1.2bn green capex facility available through term and revolving tranches.
Temasek returned after backing the prior A$650 million vintage; Tishman Speyer bought a 466-room Vienna student housing block.
Industrial and residential led declines among four sectors Green Street quantified, while data centres, retail and hotel held up on net operating income growth.
Neither firm disclosed a commitment or target size; the first asset arrives as JLL puts Manhattan trophy vacancy at 4.9%.
BREIT raised $1.3 billion while real estate AUM slipped to about $309 billion.
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