REITs

A $92 million portion of $194.4 million mortgage on a portfolio of 36 ExtraSpace Self Storage locations is the largest of 42 loans backed backing MSC 2017-HR2.

Called Structured Agency Credit Risk Securitized Participation Interests, the new securities are backed by mortgage loans, and are not general obligations of the government-sponsored enterprise.

Houston’s hotel market, already the worst-performing in the U.S., is poised to take a further beating from Hurricane Harvey as the natural disaster creates chaos in a city that’s been reeling from low oil prices for the past three years.

MFA Financial Inc. co-CEO William Gorin died Aug. 10 after a long illness. He was 59.

Redwood Trust is raising $225 million in a debt offering with the proceeds to be used to repay borrowings that come due next year.

New entrants in mortgage servicing are rethinking how business is done, creating more division between holders of mortgage servicing rights and the entities that actually manage loans.

Global Index Group has developed a new product based on the NCREIF Property Index, which measures the performance of some $525 billion of CRE held on behalf of tax-exempt institutions.

Profits at Mill Valley, Calif.-based Redwood Trust shrank during the fourth quarter, reflecting lower interest income and net losses on the fair value of investments.

SL Green Realty Corp. is tapping the securitization market to refinance 485 Lexington Ave., a 32-story office building in Midtown Manhattan.

Invitation Homes, the real estate investment trust controlled by private equity firm the Blackstone Group, has found a new source of financing for its portfolio of single-family rental homes: Fannie Mae.