From the monthly archives:

May 2008

PIMCO Still Piling into Mortgages

May 24, 2008

In April I posted Bloomberg’s report that had PIMCO more than doubled the mortgage holdings in its flagship Total Return Fund from 23% of assets in March of last year to almost 50% of assets in March of 2008. Now the FT is reporting that PIMCO has continued to build its position. Bill Gross, the [...]

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Powered By GE, SFI Sinks Three Pointer on Fremont Debt

May 15, 2008

SFI To Use Net Proceeds of $960 Million Financing to Repay Existing Debt Costar reported today that GE Real Estate’s New York regional office completed a $960million interest-only first mortgage financing with iStar Financial Inc., secured by 34 single-tenant office, R&D and industrial properties in 12 states. According to Costar, this financing for iStar represents [...]

More on this topic (What's this?)
iStar Financial Inc. (SFI) Update (Dividends Value, 7/26/08)
iStar: iSorry I Doubted You (Mortgage REIT Journal, 4/18/08)
Fallen iStar to Shine Again? (Mortgage REIT Journal, 3/28/08)
Read more on IStar Financial, General Electric Company at Wikinvest
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Good News for High Yield Mortgage REITs: Commercial RE Debt Markets Are Stabilizing

May 14, 2008

Is the Credit Crunch Over? Maybe, But Opportunities Still Abound in the REIT Wrecks World. REITwrecks is back! And with good news. Not only is the Indian Ocean still a great place to recreate, but according to indications in the CMBS and CMBX markets, and recent reports by all three of the major ratings agencies, [...]

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