The TreppWire Podcast: A Commercial Real Estate Show

In a week full of bad news, there were some positive signs for the CRE market that shone through… and there’s also pickleball. In this week’s episode, we dive into the swath of economic data to digest including inflation, earnings, and stock moves. We cover retail trading alerts, multifamily news and cap rates, and office transactions and leases to watch in Manhattan. Episode Notes: Economic data to digest (0:23) Inflation and Barry Sternlicht comments (4:12) FedEx tenant news (11:01) The good news (13:00) Quantitative tightening (16:21) Retail trading alerts (18:26) Multifamily news (23:43) NY office stories (29:47) Industrial (42:19) Shoutouts (45:14) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC

In this week’s episode, we provide an update on the energy crisis in Europe and discuss how looming geopolitical risks may impact the commercial real estate market. In a post-Labor Day check-in, we dive into our outlook for the remainder of 2022, sharing thoughts, data, and stories that cover hotels, multifamily, office, and retail.  Tune in now. Episode Notes: • News out of Europe and geopolitical risks(0:23) • CRE Outlook for Remainder of 2022, hotels (11:24) • Multifamily outlook (15:06) • Industrial(18:24) • State of retail (19:21) • Office overview (24:11) • Office news from the week(28:03) • Retail stories (37:45) • Single-family rental market(40:56) • Shoutouts (43:02) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC

In this week’s episode, we dive into the economic data that represents a “summertime blues” theme, and how commercial real estate is combatting the negativity. We cover our August CMBS delinquency report, providing an overview of what could happen to the closely-watched office sector. Then, we discuss news for hotels, multifamily, and large companies returning to the five-day work week. Listen here. Episode Notes: • Latest economic news (0:22) • Housing market (12:04) • Superbubble? (13:54) • CMBS Delinquency Report (15:52) • What's to come for office? (17:52) • Hotel news(21:52) • Return to five days in office(26:51) • Office stories (31:35) • Multifamily news and data (38:45) • Shoutouts (46:23) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC

In this week’s episode, we review the risk-on or risk-off environment amid choppy news and try to make sense of the impact on CRE. We discuss the recency bias in the market, retail earnings, and companies shedding their office space. We also dive into large retail trading alerts and Professor Hendry shares a real estate value lesson on demand, utility, scarcity, and transferability. Tune in now. Episode Notes: News that could impact Fed’s sentiment (0:23) Recency bias (7:04) Retail earnings (10:24) Peloton and Lyft office news (16:30) Trading alert: Unibail-Rodamco-Westfield (17:48) Trading Alert: Cineworld (20:21) Office news (23:17) CRE Value: D.U.S.T (26:17) Green shoots (30:31) Negative asset class stories (34:24) Preview, secondary MSA rankings (38:36) Shoutouts (40:33) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC

In this week’s episode, we discuss the latest economic news to digest and how excess inventory is impacting retail earnings. Rob Jordan, Head of CMBS, provides a quick hit on the CMBS market and raises the question if there is temporary thawing in issuance. We also discuss hotel transactions, tech companies back to the office, and leasing updates. Listen here. Episode Notes: • News to digest this week (0:23) • CMBS update: issuance, spreads, and pricing (4:18) • Retail earnings (7:21) • Retail stories (12:51) • Office news (20:07) • Leasing updates (22:50) • Hotel trading alerts (29:59) • Shoutouts (34:44) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC

In a special guest episode of The TreppWire Podcast, we welcome Rachael Brown, Senior VP of Commercial Real Estate at The Bank of Tampa to discuss the current real estate lending market. We dive into the state of the Tampa Bay area, new developments to watch, the impact of economic conditions on CRE, and market sentiment amid volatility. Listen now. Episode Notes: • Background (0:23) • Tampa’s compelling nature (2:05) • Multifamily cap rates (9:25) • Projects and developments underway in Tampa (15:49) • Change in tone of the market; is it time to play offense or defense? (18:45) • Did liquidity tighten this summer? (20:26) • Impact of Fed decisions on FL economy (22:29) • Parallels to the GFC (24:09) • Bank of Tampa’s sweet spot (25:26) • What keeps you up at night in CRE? (27:17) • Market sentiment (28:17) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC

In this week’s episode, we share our results from our CRE Sentiment Survey, covering macroeconomic, CRE and CMBS, and business-specific takeaways and impacts on market participants. We discuss recent positive CRE and CMBS developments in terms of issuance, pricing, and property type news. Episode Notes: • Macro update: inflation, jobs, Fed comments (0:23) • Earnings reports (7:34) • State of the CMBS market (10:15) • Macroeconomic sentiment (16:16) • CRE sentiment (20:45) • New office developments (26:33) • Office renewals (30:48) • Student housing demand (34:50) • Retail headlines (39:30) • Mall story (43:54) • Shoutouts (45:48) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC

In a special episode, we welcome back our global Trepp team to provide an update on the state of the structured finance markets around the world. We dive into our takeaways from two recent conferences, Global ABS 2022 and Structured Finance Vegas 2022. We also talk about the latest news in CRE, CMBS, and corporate CLOs. European market update(0:28) Conference vibe check: Global ABS and SFVegas (3:45) Broad CRE update (7:02) CMBS market news (12:55) Corporate CLO market sentiment and data (16:04) Investor sentiment (18:20) Closing (22:54) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC

In this week’s episode, we welcome Research Director, Stephen Buschbom as we run through positive economic news, strong REIT earnings, and a new SAT word for Trepp’s 150th episode of the podcast. We also dive into our rent growth and CPI analysis, discuss the latest in office transactions, and touch on what is happening in the CMBS market in terms of issuance and delinquencies. Listen here. Episode Notes: • Positive macro update (0:24) • Travel-related earnings (8:27) • REIT Earnings (11:58) • Office transactions (18:35) • Multifamily REITs (23:36) • Rent CPI analysis (30:19) • CMBS delinquencies (34:47) • CRE Sentiment preview (39:32) • Shoutouts (41:51) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC

In this week’s episode, we discuss the latest economic news, inflation numbers, retail earnings, and what this all means for commercial real estate fundamentals. We review recent office sales and leases, give an update on the industrial market, and dive into multifamily cap rates. Listen here. Take our CRE Sentiment Survey here: https://www.surveymonkey.com/r/trepp-2022-sentiment-survey Episode Notes: • CPI, GDP, Consumer Spending, and more (0:22) • Retail earnings and their impact (6:29) • Office sales (14:05) • Office leases (27:35) • Disaster vs. correction in the market (32:09) • Industrial news (38:54) • Multifamily stories (46:34) • Cap rates (49:01) • Shoutouts (53:05) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC