CMBS Sales Poised to Rise 50 Percent in 2013, Deutsche Bank Says
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Issuance of bonds tied to commercial mortgages is poised to climb 50 percent in 2013 as investors chase riskier assets, aiding property owners with maturing debt, according to Deutsche Bank AG.
Sales of securities linked to shopping malls, hotels and office building may reach $60 billion next year, up from a projected $40 billion by the end of 2012, Deutsche Bank AG analysts led by Harris Trifon said in a report today. About $38 billion of the debt has been issued to date, the New York-based analysts said.