CMBS Market Boosted By Positive Fundamentals as 2014 Comes to Close

The commercial mortgage backed securities (CMBS) market is expected to end 2014 on solid footing, with loan delinquency rates falling and new issuance likely to surpass last year’s level, according to market observers.

The CMBS delinquency rate fell to 5.8 percent in November, its lowest level in five years, Trepp, LLC reported. As of Dec. 1, delinquencies have fallen 163 basis points, down from 7.4 percent in December 2013, according to Trepp.

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CubeSmart CEO Says 2014 Capital Raising Funding Acquisitions and Development

Christopher Marr, president and CEO of CubeSmart L.P. (NYSE: CUBE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

CubeSmart owns and operates self-storage facilities in the United States and Puerto Rico. At the end of the third quarter, CubeSmart owned 390 facilities with an occupancy level of 91.5 percent.

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BAML Banker Reviews REIT Capital Market Activity in 2014

Jeff Horowitz, global head of real estate, gaming and lodging at Bank of America Merrill Lynch, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Horowitz gave an overview of REIT capital market activity in 2014. According to Horowitz, REITs have raised about $ 55 billion this year, comprised of $ 25 billion in equity, $ 2 billion in preferred stock and the remainder in unsecured debt.

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Retail Properties of America CEO Expects Increased Retail Strength in 2015

Steven Grimes, president and CEO of Retail Properties of America, Inc. (NYSE: RPAI), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Retail Properties of America is one of the largest owners and operators of shopping centers in the country. The firm owns a diversified mix of assets that includes power centers, community centers and lifestyle centers.

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Cedar Realty Trust Continues Portfolio Pruning

Bruce Schanzer, president and CEO of Cedar Realty Trust (NYSE: CDR), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Cedar Realty has undergone a repositioning of its portfolio in the last three years under Schanzer’s leadership. Previously, the company had what Schanzer described as a hodgepodge of 140 retail real estate assets.

Bruce Schanzer

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Essex Property Trust CEO Hails Results of Merger

Michael Schall, president and CEO of Essex Property Trust (NYSE: ESS), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Earlier this year, Essex completed its purchase of another apartment REIT, BRE Properties. Schall talked about the status of the efforts to integrate the two companies.

“I would certainly say that acquiring a large company is a challenging process, but it’s going very well,” Schall noted.

Michael Schall

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Farmland Partners CEO Expects Agricultural Land Values To Trend Higher

Paul Pittman, chairman, president and CEO of Farmland Partners Inc. (NYSE: FPI), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Farmland Partners invests in primary row crop farmland throughout North America. The substantial majority of the farms in the current portfolio are devoted to primary crops such as corn, soybeans and wheat. Farmland became a publicly traded company earlier this year.

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