Down but not out: CMBS stages a comeback

Despite some blunt assessments on the outlook for CMBS, room for optimism remains as spreads chart impressive reversal. As I walked the floor at CREFC’s High Yield & Distressed Realty Assets Summit in Manhattan back in March, I recall distinctly how one industry acquaintance bluntly summarized the mood of the event: “This is depressing, isn’t it?” […]