The global Commercial Mortgage Securities Association has changed its name to the Commercial Real Estate Finance Council to reflect the changed market and its aim to serve a broader range of constituencies. The New York-based council will start with five forums representing major market participants with the global CRE industry: investment-grade bondholders, multifamily lenders, portfolio lenders, servicers, and securities and loan investors. Its aim will be to achieve a consensus among these parties and advocate on their behalf. The council, like the CMSA, plans to continue to have a presence in Europe and Japan as well as North America.
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