Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A Goldman Sachs and Citigroup $788.5 million CMBS attracted more interest than many in the market had expected, according to news accounts.

There was a lot to like about this offering – even if you weren’t actually buying. Without a doubt it is a big boost for the capital markets: one of the largest CMBS to date, it had five-classes of investment-grade and high-yield classes backed by 48 properties, largely retail. Just as interestingly the transaction provides yet another glimpse into the so-called CMBS 2.0: the next generation of these securities expected to emerge that supposedly will correct many of the last cycle’s defects. In this transaction, the controlling rights on the servicing of the bond are to go to the triple-A holders, Dow Jones reports.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.