Capital Markets

Multifamily and lodging saw "substantial increases," according to Trepp.

Tariffs have reduced total returns, and continued unpredictable actions will likely negatively affect performance.

“Transaction-based prices may not fully reflect conditions.”

This year’s wall of maturities is expected to drive demand for refinancing and new capital.

The Fed stands prepared to act swiftly with a sophisticated toolkit.

About $1 billion in CMBS debt is coming due this year.

At the start of 2025, the multifamily sector encountered significant market volatility due to the transition to a new presidential administration.

The average loss severity was 81.27%, up significantly from February.