The TreppWire Podcast: A Commercial Real Estate Show

In this week’s episode, we welcome Trepp’s Head of EMEA & APAC, and Chair of the MERG, Vivek-Anand Dattani to give a rundown of what is happening in the European markets. We also dive into US market news, highlight the latest delinquency and distress rates, review CMBX trading, retail and office news, and the Eviction Moratorium. Listen until the end for the team’s Super Bowl LV picks. Episode Notes • Covid and market news around the globe (1:00) • US Market Update (3:45) • Delinquency, special servicing, watchlist rates by property type (4:57) • UK CRE and CMBS trends (10:23) • US retail news (17:20) • CMBX trading overview (20:46) • Multifamily and the Eviction Moratorium (30:09) • REIT earnings (36:00) • Leases of the week (40:27) • Notable sales (46:01) • Corporate CLO market update (48:13) • Shoutouts (53:43) Questions or comments? Contact us at podcast@trepp.com.

In a special episode, we welcome Ethan Chernofsky, VP of Marketing at Placer.ai, a firm that uses cellphone data to track consumer behavior. We discuss how watching foot traffic in retail has emerged as a leading indicator of property performance. We also cover surprises in offline retail, the 2020 retail winners, and predictions for 2021 winners. Episode Notes • About Placer.ai (00:30) • Surprises in the demand for data(2:48) • 2020 retail winners (6:08) • Challenges for malls (9:00) • An update on the fitness market (15:25) • Foot traffic data for overall property performance(19:44) • Greenshoots in the market (29:23) Questions or comments? Contact us at podcast@trepp.com.

In this week’s episode, we break down the short squeeze surge that made headlines this week and why it matters to the commercial real estate market. We also discuss the latest retailer closings, the conversion of malls, more news on apartment occupancy, and corporate office closures. The team highlights some of very own Trading Alerts for those in the market. Episode Notes: Stark stock moves and why it matters for CRE (0:44) Retail closures (12:40) Trading Alerts (14:35) The conversion of malls (24:45) Apartment occupancy news (29:45) Tenant rights (31:49) Corporate office closures (34:06) Deals of the week (38:35) Shoutouts (39:43) Questions or comments? Contact us at podcast@trepp.com.

In this week’s episode, we break down what the new policies from the Biden administration could mean for CRE and finance and specifically discuss the vaccine rollout. We also talk about the big takeaways from Q4 bank earnings, the latest bank loan delinquency rates, tumbling occupancy levels in the multifamily sector, and a wave of hotel bankruptcies. Tune in to hear how we also work chicken wings, Tom Brady, and airline wine into the conversation. Episode Notes: Vaccine rollout and administrative changes (0:54) The future of policies aimed at the financial industry (5:36) Q4 Bank earnings (12:20) Bank CRE Delinquencies on the rise (20:10) Falling occupancy levels in multifamily (22:00) Wave of hotel bankruptcies and deed-in-lieus (28:00) Office news (33:20) Deals of the Week (36:23)

Deloitte recently published its 2021 commercial real estate outlook, outlining opportunities for CRE practitioners to respond, recover and thrive during the pandemic. We welcome Deloitte’s Kathy Feucht, Global Real Estate Leader, and John D’Angelo, Managing Director to discuss their findings and recommendations. The team also dives into the digital transformation of real estate, discusses the future for office, and reviews the threat of cybersecurity in the age of working from home. Deloitte 2021 CRE Outlook (1:20) Shortcomings in real estate's digital operations (7:00) Game-changing real estate technology (11:50) Confidence of different segments/geographies (13:30) The impact of a digital experience on real estate (16) Impact on office and the three work models (24:20) The relocation of business (28:00) Real estate footprints (30:30) Threats of cybersecurity (34:35) Questions or comments? Contact us at podcast@trepp.com.

In this week’s episode, Trepp’s Head of Advisory Services, Lonnie Hendry, gives an overview of property valuations and the use of multipliers as a reliable data point. We also break down economic news and the stimulus package, the December payoff report, CRE loan performance, and ponder office headlines that ask the question, is the office desk dead? Lastly, we discuss the National Defense Authorization's Corporate Transparency Act and talk football on Nickelodeon. Episode Notes: Economic news and stimulus package breakdown (1:00) Barstool Fund for small businesses (5:50) The December payoff report (10:00) Distressed CRE property valuations and re-appraisals (12:20) Multipliers for property valuations (17:30) Big-box and brick-and-mortar retail news (21:40) Office headlines in major metros; death of the office desk? (30:15) Deals of the week (40:00) National Defense Authorization's Corporate Transparency Act (48:10) Questions or comments? Contact us at podcast@trepp.com.

In this week's episode, the team reviews the impact (or lack thereof) of the Capitol news on financial markets. We also discuss the latest December CMBS delinquency numbers, travel and hospitality headlines, news in the office sector, and the recent retail closures. To close, we reminisce on past CREFC events and dive into what’s to come for the year ahead. Episode Notes: Capitol, election, financial market update (1:10) December CMBS delinquency numbers (7:33) Travel headlines (9:35) Holiday spending numbers (13:19) News for hotels (15:39) New leases and corporate moves in the office sector (23:50) Retail closure news this week (32:40) The repurposing of malls and retail (37:40) Deals of the week (43:45) Year-End and what's to come (52:40)

In this week's episode, we take stock of everything that happened in the CRE and CMBS markets in 2020. The CRE market has withstood one of the most impactful shocks to its ecosystem, which has meant different things to each property sector. We look at the biggest surprises of the year, CMBS delinquency rate trends, issuance volume, spread movements, and highlights of the year. Episode Notes: What a difference a year makes… (1:05) CMBS delinquency rate trends (6:39) Issuance volume (10:26) Spread movements (15:22) Increased interest in CMBX indices (20:45) Biggest surprises by property type (28:49) The struggling hotel market (36:42) Retailpocalypse (41:06) The future of the office market (46:12) Resiliency in multifamily (51:00) 2020 highlights (54:49) Questions or comments? Contact us at podcast@trepp.com

The $900 billion dollar relief bill includes targeted relief for commercial real estate. What does it look like? In this week's episode, we examine the relief measures, the preliminary December CMBS delinquency data, property valuations in this environment, Q3 bank CRE loan performance, and the Federal Reserve’s mid-year stress tests. The team also discusses the potential for new traditions in this COVID-holiday season and what those look like. Episode Notes: Relief for the CRE industry? (1:18) December CMBS delinquency data (9:10) New issue spreads and trends (12:20) Hotel repositioning trends (16:50) The future of senior housing (25:20) Value loss index analyses (29:40) Q3 bank CRE loan performance (35:10) Deals of the week (41:40) Mid-year bank stress tests (49:25) Holiday traditions (51:37) Questions or comments? Please contact Trepp at podcast@trepp.com.

We welcome Michael Mandel, Co-Founder and CEO of CompStak, a nationwide provider of crowdsourced commercial real estate lease and sales comp data. We discuss the impact of COVID-19 on the CRE tech industry, analyzing lease comps, slower deal velocity, and winners and losers post-pandemic. Episode Notes: Integrating Trepp and CompStak data (1:50) Impacts of slower deal velocity (6:48) The demand for data in CRE tech (9:20) Facebook’s Penn Station area lease (13:15) Analyzing office tenant risk (18:02) Winners and losers post-pandemic (20:44) Where is the CRE tech sector heading? (23:01) Questions or comments? Contact us at podcast@trepp.com