- October 2011: Vol. 23 No. 9

To read this full article you need to be subscribed to Institutional Real Estate Americas

Adding Uncertainty to Uncertain Times: Real Estate Investors Weigh in on the Proposed Credit Risk Retention Rules

by Clifton Rodgers Jr.

Commercial real estate markets continue to recover from the most severe economic downturn since the Great Depression. Credit to the sector virtually shut down in 2008 and only began to return in a limited capacity in 2010. As one of the largest sources of credit for commercial and multifamily real estate in the United States, the commercial mortgage–backed securities (CMBS) market is an important element of the more than $3.2 trillion commercial real estate debt market, currently comprising roughly 26 percent of the overall market. It is essential to have a healthy and disciplined new-issue CMBS market.

Although the projected $30 billion to $50 billion in new issuance for 2011 is well below what is needed to refinance hundreds of billions of dollars in maturing commercial real estate debt, we remain focused on restoring an appropriately sized and functioning marketplace for securitized commercial real estate debt. Yet hopes for a broader recovery in real estate credit marke

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy