NEW YORK and FRANKFURT-Situs, a leading global real estate advisory firm, has been appointed as the Primary and Special Servicer on the new $945 million (€699M) German Residential Funding 2013-2 Limited securitization.

The new CMBS issuance, arranged by Bank of America Merrill Lynch and Deutsche Bank and sponsored by Gagfah, a leading German listed multifamily housing company, provides for the refinancing of three sub-portfolios within Gagfah’s stable comprising the $496 million (€367.5m) WGN loan, $472 million (€350.2m) WBN loan and the $1.45 billion (€1.07B) NILEG residential loan.

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