The TreppWire Podcast: A Commercial Real Estate Show

In a special guest episode, Michael Flood, SVP of Commercial & Multifamily, and Borden Hoskins, AVP of Legislative & Political Affairs from the Mortgage Bankers Association (MBA) join the team to provide an update on the midterm elections and the CRE regulatory landscape. We dive into what the election results mean for CRE, how various sectors will be affected, and what regulators will focus their initiatives on in 2023.

Tune in now.

Episode Notes:

• Midterm elections and legislative overview (0:47)

• Oversight issue: CFPB (7:47)

• What could happen? The lame ducks (9:05)

• Where does lending come from if FHA is under threat? (13:35)

• GSEs and lending caps (14:20)

• Liquidity and available capital (20:08)

• Tenants (26:43)

• What's coming for different forms of finance? (28:36)

Questions or comments? Contact us at [email protected].

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In this week’s episode, we dive into the latest news surrounding the CPI print, cracks in the housing market, and the ‘Tech Wreck’ that is dragging the markets down. In CRE, Research Director, Stephen Buschbom joins to talk through REIT earnings and student housing loan distress. We also provide recent negative multifamily and office stories. Tune in now.

Episode Notes:

• Economic news(0:26)

• CPI numbers (11:02)

• Impact of election on CRE (15:08)

• Tech wreck (16:32)

• REIT earnings: overview(19:20)

• Office REITs (21:11)

• Office news (27:43)

• Crabgrass (32:23)

• Multifamily price reset (39:30)

• Student housing loan distress (42:44)

• Shoutouts (46:41)

Questions or comments? Contact us at [email protected].

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This week, investors expected the interest rate increase, but the commentary was more hawkish than predicted. In this episode of The TreppWire Podcast, we dive into the latest economic and CMBS data, highlighting the recent rise in delinquencies. In digging through the data, we found that there is about $300M worth of active "floating-rate" loans, so what is the story here? Then, we share green shoots and crabgrass for multifamily, office, and hotels.  Tune in now.

Episode Notes:

- Economic update (0:23)

- CMBS delinquency report (10:10)

- CMBS spreads (16:55)

- Digging through the data (21:32)

- Multifamily sale (28:03)

- Multifamily headlines (33:43)

- Student housing acquisition (35:57)

- Hotel story (37:35)

- Tech impact on office space (39:01)

- Office news (40:55)

- Shoutouts (45:57)

Questions or comments? Contact us at [email protected].

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In this week's episode, we review mixed economic data, with a focus on the latest news for the technology sector and how it will impact CRE. We discuss reasons for optimism and pessimism, discuss CMBS spreads, a cap rate analysis, and hairline fractures for the multifamily market. We also share some office headlines and give an overview of NYC's Local Law 97.  Tune in now.

Episode Notes:

• Economic update (0:23)

• Interest rates inflection point (8:20)

• Digging into tech earnings (10:32)

• Impact on CRE (17:25)

• Optimistic or pessimistic? (20:12)

• Cap rates analysis (26:37)

• CMBS spread levels (30:45)

• Multifamily cracks (32:32)

• Office stories (40:19)

• Hotel news (42:28)

• Local Law 97 (43:28)

• Shoutouts (45:45)

Questions or comments? Contact us at [email protected].

Follow Trepp:

Twitter: www.twitter.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp-llc

Facebook: www.facebook.com/TreppLLC

In a special guest episode, we welcome Tony Yousif, Director of National Accounts at SVN. We dive into the latest in commercial real estate distress, with Tony sharing a boots-on-the-ground view of asset classes to watch, trends by geography, and the difference among types of lenders. Tony shares where the opportunities are and where some may get stuck in the mud. Tune in now.

Episode Notes:

- Background (0:21)

- Property type coverage (5:26)

- Geographical trends (7:11)

- What’s happening in multifamily? headwinds (9:05)

- Typical timing for valuation requests and transactions (14:40)

- What are lenders seeing? (17:53)

- Is the extend and pretend appetite across the board? (25:35)

- Office conversions (30:38)

- Office occupancy sentiment (33:00)

- Where's the opportunity right now? (35:48)

Questions or comments? Contact us at [email protected].

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Twitter: www.twitter.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp-llc

Facebook: www.facebook.com/TreppLLC

This week, we saw the 10-year yield hit its highest level since 2008. In this episode, we examine what was a rough week in terms of economic data but not for the markets, also highlighting sirens in housing, and the latest themes from bank earnings. In CRE, we go through a list of office sublease stories and we review the amount of loans maturing within the next 24 months.  Tune in now.

Episode Notes:

Bad economic data, markets powered through (0:23)

Digging through the data: more maturities (9:25)

Office subleases and crab grass (13:41)

Stories to keep your eye on (19:56)

Green shoots in CRE (27:56)

Retail stories (38:25)

Shoutouts (41:09)

Questions or comments? Contact us at [email protected].

Follow Trepp:

Twitter: www.twitter.com/TreppWire

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In this week’s episode, we examine how rising rates and the cost of interest rate caps are threatening to derail the commercial real estate market. Then, we dig through operational and origination statistics for multifamily across the top five markets and compare the data to the office sector statistics. We close by reviewing the latest office and retail headlines to watch.

Episode Notes:

Gloomy economic outlook(0:23)

Perception of CPI (6:20)

Labor problem (10:49)

Mortgage rates (12:26)

101: Cost of interest rate caps (13:40)

Digging through the data: top multifamily markets (23:13)

Multifamily vs. office origination data (26:27)

Office grabgrass (29:23)

Mall stories: CMBX 6 loss and missed payments (35:26)

Shoutouts (36:43)

Questions or comments? Contact us at [email protected].

Follow Trepp:

Twitter: www.twitter.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp-llc

Facebook: www.facebook.com/TreppLLC

In this week’s episode, we search for signs to see if the economy is responding to the Fed’s medicine. In a segment called ‘Digging Through the Data,’ we examine underlying distress for multifamily, retail and lodging. We also provide an update on the CMBS market, reviewing delinquency rates and slowed issuance. Then, we share predictions for Q3 bank earnings.

Episode Notes:

• Economic news (0:23)

• Multifamily distress (7:45)

• CMBS delinquency report (13:13)

• CMBS issuance (17:40)

• Digging through the data: loan value(20:17)

• Office news (22:44)

• Office green shoots (30:10)

• Retail headlines (33:53)

• Q3 Bank Earnings predictions (41:37)

• Shoutouts (44:10)

Questions or comments? Contact us at [email protected].

Follow Trepp:

Twitter: www.twitter.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp-llc

Facebook: www.facebook.com/TreppLLC

This week, markets are in turmoil, the dollar is surging, and a currency crisis triggered a surprise move by the Bank of England. With all of that, we also can’t ignore the impact of Hurricane Ian. In this episode, we dive into the headlines, with a theme that when trust starts to evaporate, so does liquidity. We also review data surrounding true signs of CRE distress, map the exposure of $52 billion of CRE loans to the hurricane, and talk news for office, retail, and multifamily properties. Tune in now.

Episode Notes:

• Economic news (0:23)

• Trust issue (10:36)

• Hurricane Ian: CRE exposure (15:08)

• CRE distress: the data (20:16)

• Office positive news (26:26)

• Bad CRE news (31:54)

• Retail positives (38:15)

• Shoutouts (41:37)

Questions or comments? Contact us at [email protected].

Follow Trepp:

Twitter: www.twitter.com/TreppWire

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While the latest interest rate hike was no surprise, markets reacted this week. In this week’s episode, we dive into the economic news to know: housing, rates, and big company news. In CRE, we preview an analysis of multifamily cap rates, dive into life insurance commercial mortgage returns and share the latest hotel, retail, and office stories.

Episode Notes:

Economic news (0:23)

Hotels (18:09)

Positive office developments (22:49)

Office crabgrass (27:42)

Brokers start your engines (37:41)

Retail news (38:31)

Trepp LifeComps Return Index (43:41)

Shoutouts (45:27)

Questions or comments? Contact us at [email protected].

Follow Trepp:

Twitter: www.twitter.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp-llc

Facebook: www.facebook.com/TreppLLC