CMBS Market Boosted By Positive Fundamentals as 2014 Comes to Close

December 10, 2014 ·

The commercial mortgage backed securities (CMBS) market is expected to end 2014 on solid footing, with loan delinquency rates falling and new issuance likely to surpass last year’s level, according to market observers.

The CMBS delinquency rate fell to 5.8 percent in November, its lowest level in five years, Trepp, LLC reported. As of Dec. 1, delinquencies have fallen 163 basis points, down from 7.4 percent in December 2013, according to Trepp.

REITs’ Modest Gains in November in Line With Broader Market

December 02, 2014 ·

REITs posted modest gains during November that were in line with the broader market, although year-to-date the sector continues to outperform by a solid margin.

The total return of the FTSE NAREIT All REITs Index was 2.3 percent in November. The S&P 500 Index rose 2.7 percent in November.

As of the end of November, the FTSE NAREIT All REITs Index had gained 25.8 percent in 2014, while the S&P 500 Index was up 14 percent.

Analysis: Hotel Occupancy Levels Expected to Hit 30-Year High by 2016

November 13, 2014 ·

Limited new development in the hotel sector is expected to push national hotel occupancy rates to their highest level in 30 years, according to a report from financial and professional service firm JLL.

JLL projected that hotel occupancy would approach 65 percent by 2016, resulting in growth for the average daily rate (ADR) for rooms charged in the industry.

Dan Hansen, president and CEO of  Summit Hotel Properties (NYSE: INN), said the report underscores the strong demand and occupancy gains he sees across his company’s portfolio.