Trepp

CRE leaders are coming together in NYC this May and you can be in the room. 📅Join us in Rockefeller Center on May 6 and 7 for Trepp Connect (in NYC), a CRE and capital markets conference. We are bringing together senior leaders from CRE, banking, private credit, and structured finance. The posted agenda features discussions surrounding: 🔹Capital formation & liquidity trends 🔹Lending dynamics & capital stack evolution 🔹Property sector fundamentals 🔹AI in underwriting & risk strategy Register early and save: trepp.com/trepp-connect-…

Big ideas, market-moving insights, and real conversations about the future of CRE are all on the agenda at Trepp Connect (in NYC). Our speakers will dive into the capital trends, property sector shifts, and data-driven strategies shaping today’s landscape, as well as uncovering the opportunities that will define tomorrow. Join us in Rockefeller Center to hear directly from the leaders and innovators influencing the direction of the market. 🎟️Secure your ticket: hubs.li/Q047JGrr0

New episode! This week we covered the Fed's latest decision and what a major energy shock means for CRE, looked back at how different property sectors weathered COVID six years later, and broke down the Public Storage and National Storage Affiliates merger. We wrap up with office news from BofA, OpenAI, Wells Fargo, and Starbucks. Tune in now: hubs.li/Q047Dg-T0

With TreppAI, clients gain more than just automation. They gain a strategic advantage powered by trusted data, advanced analytics, and industry expertise, driving streamlined workflows and faster, more confident decisions. Explore TreppAI today: hubs.li/Q047zwyh0

Defeasance is often framed as a simple interest rate story, but the data show a more complex reality. In the CMBS Defeasance Playbook, we analyze private-label CMBS defeasance activity from 2010 through 2025 to understand how borrower incentives, financing conditions, and collateral performance shape when and why loans defease. Some key findings include: 🔎Mid-2010s: High-volume defeasance clustered near loan maturity. 🔎Post-2017: Activity shifts earlier as stronger borrowers use defeasance strategically. 🔎Post-2022 / 2025 signal: Volumes fall, but DSCR spikes to a 15-year high, evidence that fewer defeasances are occurring, concentrated among the strongest collateral. Download the full playbook here: hubs.li/Q047zz-s0

The office CMBS delinquency rate posted the largest decline in February, falling 114 basis points to 11.20%, pulling back from January’s all-time high of 12.34%. The office rate has declined in three of the last four months. Read the full report: hubs.ly/Q045qgzr0

Episode 384 is out now! We cover the return of market volatility with an oil shock, two emerging market risks, rising student housing exposure wtih March Madness approaching, the Savills–Eastdil deal, and more headlines shaping CRE and the economy. Tune in now 🔊hubs.li/Q046D7m50

📈 CRE CLO issuance is off to a strong start in 2026. Issuance has reached $11.2B year-to-date, up 34% from the same period in 2025. If the current pace holds, total issuance could approach the $45B peak reached in 2021. Multifamily continues to dominate, accounting for about 70% of collateral. Take a closer look at the latest data: hubs.li/Q046vjVB0

Trepp's February CMBS Delinquency Report is out now. 📉Overall rate down 33 bps to 7.14% 🏢Office rate down 114 bps to 11.20% 🏘️Multifamily rate down 9 bps to 6.85% 🛒Retail rate down 74 bps to 6.30% Get the full report here: hubs.li/Q0460jpk0

CRE CLO Issuance Surges to Start 2026, Putting 2021 Peak Levels Within Reach hubs.li/Q0465KNc0

Beware the Ides of March ⚠️ Every year since 2020, mid-March has brought a major market shock, and 2026 is no different. Gulf conflict, oil spike, Treasuries back above 4%, Blackstone redemption stress, and SASB AAA downgrades. We break it all down on this week's episode of The TreppWire Podcast: hubs.li/Q045PfTn0

February Corporate CLO Market Snapshot: Issuance Ramps Up as AAA Spreads Grind Tighter hubs.li/Q045LkwQ0

TreppAI is built on the same foundation that has made Trepp a trusted source of CRE and structured finance data for decades. By leveraging our validated, proprietary datasets, TreppAI enhances how users search, summarize, and analyze market information while delivering transparency, accuracy, and confidence at every step. Explore how TreppAI elevates your workflow: hubs.li/Q045Lf810

The CMBS Delinquency Rate reversed course in February 2026, declining 33 bps. The decline was driven by a net reduction in overall delinquent loan balance, primarily due to modifications and extensions of five large matured office loans and four large mall loans. Access the full report: hubs.ly/Q045qc_Q0

A $33M CMBS loan transferred to special servicing for balloon payment/maturity default. The loan collateral is a 106,875-square-foot office property in the Sawtelle neighborhood of Los Angeles. Clients have the story with #TreppWire: hubs.li/Q045xyBW0

The CMBS Delinquency Rate reversed course in February 2026, declining 33 bps to 7.14%. Three of the five major property types declined while two increased. Office posted the largest decline, falling 114 bps, pulling back from January’s all-time high of 12.34%. Access the full report: hubs.li/Q045pkWj0

Episode 382 is out! We dig into mixed inflation signals, the Supreme Court's tariff ruling, private credit volatility, SFVegas conference sentiment, office repricing from Chicago to SF, and fresh trading alerts. Tune in: hubs.li/Q044Y2fY0

📢We are approaching the end of early-bird registration for our premier CRE conference in NYC. If you’re planning to join us in Rockefeller Center on May 6-7 for Trepp Connect (in NYC), now is the time to secure your seat. Explore the full program, speaker lineup, and event details: hubs.li/Q044R8V60

In 2024–2025, loans that failed to pay off typically carried debt yields around 9% or lower. About 36% of 2026 hard maturities sit at 8% DY or below, the segment where refinance math starts to get tight. Download the full playbook here: hubs.li/Q044NqM00

🗞️#Trepp featured in CFO Brew: "According to CRE data insights firm Trepp, more than 12% of office loans were delinquent, meaning the borrower failed to pay their loan on time, as of January. Trepp called it “an all-time high.” hubs.li/Q044B4yM0

📈Life Insurance commercial mortgage returns showed positive returns again in Q4 2025. Annually, LifeComps participants reported a total return of 8.8% in 2025, more than double the annual return of 4.29% in 2024. Access the Q4 2025 LifeComps report📩hubs.li/Q044Cz9M0