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-…

🚨TreppWire Trading Alert: Manhattan Office Loan Transfers to Special Servicing The $150.2M CMBS loan transferred to special servicing for balloon payment and maturity default. The collateral is a 588,512 square foot office and showroom property. Clients have the story with #Trepp: hubs.li/Q04gztB60

The 2025 CMBS reappraisal cohort cleared $23 billion of collateral at a median 53% discount to origination, with distress heavily concentrated in office, retail, and mixed-use properties. Office alone accounted for more than half of the reappraised balance. Download the full report here: hubs.li/Q04gMGmf0

New episode! A full recap of Trepp Connect in NYC, from the lending reset to AI and data centers, plus our Scott Reckler keynote. We also cover hot CPI/PPI prints, CRE lending at a 5-year high, Blackstone's homebuilder platform & build-to-rent uncertainty. Tune in now: hubs.ly/Q04gGy4-0

🚨TreppWire Trading Alert: St. Louis Mall Loan Sent to Special Servicing A $230.4M CMBS loan transferred to special servicing for imminent monetary default. The collateral is a 714,052 square foot regional mall in St. Louis, MO. Clients have the story with #Trepp: hubs.li/Q04gzCd60

🆕 The Trepp CMBS Delinquency Rate decreased by 1 basis point to 7.54% in April 2026. Two of the five major property type rates increased while three moved lower. Access the full report: hubs.li/Q04gztn20

The Trepp CMBS Special Servicing rate increased by 38 basis points to 11.38% in April 2026, driven primarily by a heavy concentration of new office loan transfers. Special servicing rates rose across all but one property type in April. Check out the full report to see the rate for each property type and the largest loans to transfer: hubs.li/Q04gjRT60

@MainStLender Hey Cody! Send us an email to podcast@trepp.com. Would love to chat

@TreppWire I’m the chair of this year’s Western States CREF and we’d love to have you all again! Let’s chat. wscref.com

Episode 395 of The TreppWire Podcast is out! This week we discuss a potential AvalonBay and Equity Residential combination, Starwood's pause on redemptions at its S-REIT, and KKR's new $10B AI data center fund led by former AWS CEO Adam Selipsky. We also break down how mall ownership actually works (spoiler: the mall owner usually doesn't own the whole mall) and preview our April CMBS delinquency report, which ticked down 1bp to 7.54%. Tune in now: hubs.li/Q04fxHTb0

Trepp & @crenewstweets have recently released the Q1 2026 issue of the Quarterly Data Review Magazine. The team recaps the data, trends, and activity in the CRE finance and CMBS markets. Stories include: • CMBS Hard Maturities: Lessons from 2024-2025 & What They Mean for 2026 • CMBS Market Has Solid Quarter, Even as Issuance Declines • CMBS Delinquency Volume Increased 5.17% in Q1 • Inside the $5 Trillion CRE Debt Universe: Signs of Bank Expansion Access the magazine: hubs.li/Q04fxlHD0

🆕 The Trepp CMBS Delinquency Rate decreased by 1 basis point to 7.54% in April 2026. Two of the five major property type rates increased while three moved lower. Access the full report: hubs.li/Q04fkGFZ0

@Newmark_VandA is pleased to announce its participation in Trepp Connect in #NYC on May 6th. Douglas Larson, MRICS, will serve as a panelist on “Bifurcation & Recovery: CRE Property Sector Realities.” ➡️#TreppConnect: trepp.com/trepp-connect-… @Newmark @TreppWire #Valuation

📢 As we get ready for Trepp Connect (in NYC), we’d like to give a special mention to our valued sponsors. Your support helps make this event possible, bringing together leaders across CRE and capital markets and enabling the conversations, insights, and connections that drive deals forward. We look forward to a great event in Rockefeller Center and to seeing you there. Thank you to our sponsors: @EisnerAmper, Trimont, @Chase, @Lutron, Life Connoisseurs Management & Enterprise, @EverBank, @GirlGangCRE, @connectCRE, @crenewstweets

Trepp Connect (in NYC) is next week!⏳ More than 200 senior leaders across CRE, banking, private credit, and capital markets will come together in Rockefeller Center for two days of market insights, real conversations, and dedicated networking opportunities. From capital flows and lending to property fundamentals and data-driven strategies, the agenda offers a timely look at where the market is headed. A very small number of tickets remain. Join us May 6 and 7: hubs.li/Q04f5ggw0

New episode! This week on The TreppWire Podcast, we break down Fed transition and trimmed mean PCE, regional bank and mortgage REIT earnings, and the rise of AI-driven real estate transactions. Tune in now🔊hubs.li/Q04f4gZ90

Chad Lavender, President of Capital Markets, North America at @Newmark, on why this cycle isn't the GFC, senior housing's breakout year, the Class A office resurgence, the rise of GP-led recaps, and Dallas CRE momentum. Tune in now: hubs.li/Q04dBffP0

Episode 291 is out! We cover Blue Owl's $2.4B acquisition of Sila Realty Trust, multifamily supply dynamics as the top 25 developers command a record share of starts, and NYC's $4 billion pension commitment to affordable housing. We also discuss the latest on CRE credit growth as banks start to re-enter, and do a deep dive into data centers, covering operational resilience, Meta's $1B Tulsa build, Maine's construction ban, and Google-linked data centers' record $5.7B junk bond. Tune in now: hubs.li/Q04dhddb0

How is the CRE lending landscape being reshaped right now? On May 6 at Trepp Connect (in NYC), our CRE & capital markets forum, “The Lending Reset: Banks, Private Credit, and the New Capital Stack” panel brings together leaders from across the landscape. As funding dynamics and capital availability continue to evolve, the discussion will focus on how capital stacks are changing, where banks remain active, and how non‑bank lenders are stepping in across the cycle. Explore the full agenda here: hubs.ly/Q04d7-Fn0

📈The CMBS special servicing rate rises again in March. March saw mixed movements across property types. Office rose 44 basis points, and multifamily increased by 45 basis points. Download the free report: hubs.li/Q04dbhpX0

44 bonds across 38 AAA-rated single-asset, single-borrower CMBS deals were downgraded between September 2025 and January 2026, led by activity in retail, lodging, and office. SASB outstanding balances now exceed $260B. Download the full analysis here: hubs.li/Q04d842N0

Just over a week until our #SheBuilds event! We’re excited to welcome Annemarie DiCola, CEO of Trepp Inc., as a panelist. A recognized industry voice and frequent speaker, she’s been named Top Woman in Real Estate and featured in The NY Times and CNBC. 🔗 bit.ly/shebuilds-26