HCohen schreef op 21 januari 2023 09:25:
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Opgeruimd staat netjes -
Zoals reeds eerder gebeurt met URW's slechtere B/C malls in de US
Westfield Valencia Town Center in foreclosure, artikel the Real Deal. Met een leegstandpercentage van 18 % lijkt dat prima.
URW was 50% eigenaar(URD 2021, JV-partner CPPIB?).
Fitch noemde deze mall nog Tier 2 in mei 2022(
www.fitchratings.com/research/structu... ), maar heeft deze regional kennelijk in sept '22 in Tier 3 gezet. Quote artikel:
'The CMBS loan — provided by UBS and Barclays — was due this month, after entering into special servicing in October, according to a Trepp report. A month before the loan was placed into special servicing, Fitch Ratings downgraded it “due to an anticipated increase in defaults,” according to a September report. Fitch said Valencia Town Center was the “largest contributor to losses” among the properties connected to the loan'.Westfield misses deadline to pay off loan on Valencia mallDebt of $195M sent to special servicing in October
therealdeal.com/la/2023/01/19/westfie...