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.
Trepp US CMBS Delinquency Rate Inches Higher In March
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