The delinquency rate for apartment loans continued to improve in March, dropping another 54 basis points to 12.73%. The rates for industrial and office loans were modestly lower, at 11.72% and 10.6% respectively. Retail loans posted the second worst month-over-month reading with an increase of 12 basis points. The retail delinquency rate remains the lowest among the five major property types, however, while multi-family remains the worst performing sector.
For additional details, request the March 2013 U.S. CMBS Delinquency Report at http://www.trepp.com. For daily CMBS and bank trading ideas, credit events and commentary, register for TreppWire or follow us on Twitter.
About Trepp, LLC
Trepp, LLC is the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the tools and insight they need to increase their operational efficiencies, information transparency and investment performance. For more information visit www.trepp.com.Press Contact:Great Ink Communications Eric Gerard, Lindsay Church Email / Email212-741-2977 This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com. SOURCE Trepp, LLC