CMBS Issuance Undergoing Sharp Decline

In the the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Orest Mandzy, managing editor at Commercial Real Estate Direct, discussed the first quarter performance of the commercial mortgage-backed securities (CMBS) market.

The first quarter witnessed 24 private label CMBS deals totaling roughly $ 18 billion, according to Mandzy. That represented a decline of nearly a third from the year-earlier period, he said.