Goldman, Citi Marketing CMBS Deal

Goldman Sachs and Citigroup have begun marketing a $788.49 million commercial mortgage-backed securities (CMBS) issue, the Dow Jones Newswires report.

The deal has five classes and is backed by 48 properties, the report says. Seventy-eight percent of the properties are retail, and most of the properties are located in New York, Minnesota, Michigan, Virginia and California.

A Reuters report states that Goldman and Citi have tapped DBRS and Moody's Investor Services to rate the deal.

SOURCES: Wall Street Journal, Reuters


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