Ashford Hospitality Trust Paring Select Service Assets

August 27, 2015 · reit.com

Ashford Hospitality Trust’s move (NYSE: AHT) to sell its select service hotel portfolio in order to focus on upper upscale properties has helped simplify the REIT’s strategy, according to chairman and CEO Monty Bennett.

Office REIT SL Green Completes Purchase of NYC Building for $2.6 Billion

August 19, 2015 · reit.com

SL Green Realty Corp. (NYSE:SLG) said Aug. 18 that it completed the acquisition of office property 11 Madison Avenue in New York City for $2.6 billion.

The deal includes approximately $300 million in costs associated with lease-stipulated improvements to the property.

CMBS Delinquencies Continue on Downward Track

August 07, 2015 · reit.com

The delinquency rate for commercial mortgage-backed securities (CMBS) continues to head lower, as borrowers refinance debt ahead of a wave of maturities in 2017.

The CMBS delinquency rate, which includes loans that are 30 days or more past due, fell to 5.42 percent in July, compared with 5.66 percent six months ago and 6.04 percent a year earlier, according to commercial real estate consulting firm Trepp LLC.