Last month Fitch Ratings’ US CMBS delinquency rate dropped 23 bps to 4.10%.
The companies will target triple net-leased properties in Texas through the $50 million fund, which has acquired its first holding in Houston.
It also plans to demolish the Hotel Pennsylvania to make way for new development.
Sponsored by dialpad
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.