Fitch Ratings’ headquarters in New York City

NEW YORK–It is telling that the largest new CMBS delinquency in February was a $26.9 million Studio Green Apartments loan, secured by a 1,074-bed student housing property located in Newark, DE. And the largest resolution was a $90 million Wells Fargo Place loan secured by a 656,000 square foot office property in St. Paul, MN. Relatively speaking, these are small amounts.