BETHESDA, MD—Special servicer CWCapital Asset Management is marketing $2.12 billion in assets that are largely cash-flowing, as well as mortgage loan assets. The portfolio is located across the US.

It is a rare opportunity for investors; CWCapital brings to market such portfolios perhaps one a year at best, according to its public announcements of these transactions. As the economy continues its recovery, such opportunities will likely become even more rare.

The assets run the gamut from trophy, core, core-plus to value-add strategic investments. Many are located in major markets such as New York City, Atlanta, Las Vegas, Los Angeles/Orange County, Houston and Phoenix with the remainder located in secondary and tertiary markets.

The assets securing the portfolio consist of nearly 4.7 million square feet of office properties, 3.5 million square feet of retail, 1.1 million square feet of industrial, 4,700 units of multi-family and 2,100 hotel rooms.

Nearly 44% of the offering as a percentage of estimated value is secured by office, 21% is secured by retail and 20% is secured by multi-family. The remainder of the portfolio consists of mixed-use, hospitality and industrial assets.

Brokerage firms, including CBRE, Eastdil Secured, Newmark Grubb Knight Frank, Mission Capital, and Marcus & Millichap, are overseeing the marketing of 20 assets with an unpaid principal balance of $1.38 billion. Auction.com is marketing 71 of the assets with a unpaid principal balance of approximately $740 million.

In October 2013 when CWCapital marketed a portfolio of 134 assets with a unpaid principal balance of $3.43 billion, the vast majority of the assets eventually closed with overall recoveries averaging $0.66 on the dollar of the unpaid principal balance.

Instant Insights /

Special Servicer CWCapital Markets $2B in Assets

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