Commercial Mortgage Securities Association (CMSA) and Trepp, a provider of commercial mortgage and commercial mortgage-backed securities (CMBS) information, analytics and technology to the securities and investment management community, have partnered to offer Trepp's Daily CMBS Valuations File free to CMSA member investors.
According to CMSA and Trepp, the initiative is a joint effort intended to offer greater transparency during this period of market disruption. The availability of this information will broaden the offerings provided by the Trepp Collateral Performance Database, which resides on the CMSA Web site.
‘The fundamentals of the commercial real estate market are healthy, and CMSA's position is that increased access to information is needed to reduce the market's apprehension and rebuild confidence in the value and risk profile of CMBS,’ says Leonard W. Cotton, vice chairman of Centerline Capital Group and president of CMSA. ‘With delinquencies near historic lows and commercial real estate securities underpinned by cashflows from income-producing properties, our belief is that the market has been indiscriminate in its punishment of CMBS in terms of widening spreads and illiquidity.’
