Trepp, Inc.

Last week, our Senior Research Manager, Thomas Taylor, and Chief Economist, Rachel Szymanski, gave a lecture at Columbia Business School to the Commercial Real Estate Debt Markets class from their MBA program. They provided an overview of the latest market trends, discussed the incoming administration's monetary policy and potential impacts to CRE, and did a demo on how to use Trepp's platforms to prospect for investment opportunities, underwrite loans, and analyze deals. If you'd like to learn more about Trepp's solutions, request a demo here: https://hubs.li/Q02-f5kf0

Trepp, Inc. continues to expand its analytics capabilities with the addition of Rachel Szymanski, Ph.D. as Chief Economist. This new role enhances our ability to provide clients with real-time economic insights and analyses to help navigate complex market conditions. Drawing from her background in quantitative finance at Bank of America and research experience at the International Monetary Fund, Dr. Szymanski brings deep expertise in mortgage risk modeling, macroeconomic analysis, and stress testing. She earned her Ph.D. in Finance from Carnegie Mellon University, where her research focused on corporate finance and capital market dynamics Since joining Trepp, Dr. Szymanski has quickly made her mark by: 🔹 Publishing an analysis of U.S. housing policy and supply constraints, examining how policy decisions and market dynamics impact CRE investment and lending 🔹 Sharing insights on the incoming administration's policies and their potential effects on CRE markets during our November Market Pulse Webinar 🔹 Lecturing at Columbia University about Trepp's CRE and CMBS offerings Please join us in welcoming our Chief Economist, Dr. Szymanski! 🎉 Real more about the hire here: https://hubs.li/Q02-8c5v0 Check out Dr. Szymanski's U.S. housing policy article here: https://hubs.li/Q02-7S-T0 If you'd like access to the Market Pulse Webinar recording, please leave a comment or contact us via info@trepp.com

Don't miss Abrigo's webinar with Trepp, Inc., tomorrow, December 3! Register here: https://buff.ly/3A6jazr

📰From the seasoned experts that brought you The TreppWire Podcast, 'The Rundown' is your go-to daily newsletter for staying informed about the most relevant news, developments, and transactions in the commercial real estate market. Check out some of last week's top stories: 🔹Continental Realty Corporation Pays $86.5M for Baltimore-Area Apartments 🔹San Diego County Pays $38.76M for Industrial Propert 🔹Lightstone Group Pays $82 million for Seattle-Area Retail Property 🔹Terreno Realty Corporation to Pay $157M for Brooklyn, N.Y., Industrial Property 📝Click here to receive tomorrow morning's edition: https://hubs.li/Q02Z-N7C0 #Trepp #TreppWire #TheTreppWirePodcast #TreppRundown #DailyNewsletter #CommercialRealEstate #CRE #CMBS #RealEstate

Trepp is a proud sponsor of NYU Schack Institute of Real Estate’s Conference on Capital Markets in Real Estate happening this Thursday, December 5th! Check out the panels and speakers below ⬇️. Use our code "CMC_Trepp_24" for a 15% discount on the registration fee. We hope to see you there!

🆕 The Trepp, Inc. CMBS Delinquency soared in November 2024, with the overall delinquency rate increasing 42 basis points to 6.40%. This month, the office, multifamily, and lodging property types all saw substantial increases in the sector-specific delinquency rates. The office delinquency rate surpassed 10% in November, increasing about 100 basis points to 10.38%. Download Trepp's latest delinquency report here 📩https://hubs.li/Q02ZSF320 #Trepp #CRE #CMBS #DelinquencyReport #DelinquentLoans #CommercialRealEstate #Office #Retail #Multifamily #Lodging

📣 Episode 292 of The TreppWire Podcast is out early this week! We cover: 🔹 The latest consumer confidence and retail earnings data 🔹 Walmart vs. Target performance 🔹 More tariff talks 🔹 The ‘largest’ stories all coming from Blackstone 🔹 Several large retail loan changes 🔹 The bifurcation seen across office headlines 🔹 Transactions in multifamily and industrial Tune in: https://hubs.li/Q02ZJf450 Happy Thanksgiving to all our listeners! Thanks to our hosts Lonnie Hendry, CRE, Hayley Keen, and Stephen Buschbom, our support team Thomas Taylor and Jennifer Spillane and our producer this week Mariana Pontes Sbrana #Trepp #TheTreppWirePodcast #TreppWire #CRE #CommercialRealEstate #CMBS #Retail #Multifamily #Office

New blog: A CMBS defeasance 101 guide that goes beyond the basics. Our analysis: ✔️Breaks down how defeasance works & the complexities of the process ✔️Reviews historical outstanding balances from 2014 to date ✔️Explores its value for borrowers and CMBS investors alike While the $21B defeasance activity represents a modest portion of the $350B CMBS conduit universe, it's becoming increasingly relevant. 🔎Why watch defeasance trends? As existing loans age, interest rates normalize and transaction demand and activity pick up, we expect to see more borrowers leveraging defeasance to optimize their debt strategies and preserve liquidity. Read the full blog here: https://hubs.li/Q02Zz-0z0

The Federal government currently leases 149M square feet of office space at $5.23B annually. With a new Department of Government Efficiency (DOGE) on the horizon and hybrid work policies, what's the impact of potential lease terminations? Our analysis covers: 🔎Market impact on D.C. metro area 🔎GSA-exposed property performance 🔎Property repositioning challenges 🔎Environmental certification advantages Read more: https://hubs.li/Q02ZnYKj0

We are honored to share an important update from the Trepp, Inc. team 📝 In January 2024, following the passing of our cherished colleague and friend Shari Linnick, we established the Shari Linnick Memorial Scholarship in partnership with NYU Schack Institute of Real Estate. Thanks to the generous support of our community, DMGT plc, and Shari's family, friends, and colleagues, the Trepp DMGT Shari Linnick Memorial Scholarship has officially achieved permanent endowment status at New York University. This endowment ensures that Shari's legacy will live on, supporting future students in the commercial real estate finance industry for generations. As part of this tribute, NYU also awarded two scholarships this Fall in Shari’s name sourced directly from the Dean's funds at NYU. Thank you to everyone who has contributed, whether through donations, support, or simply keeping Shari’s memory alive. She was an extraordinary colleague and friend, and reaching this milestone is a meaningful way to ensure her impact continues.