Written by MultifamilyBiz Staff | March 6, 2018
NEW YORK, NY – Trepp, LLC, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released its February 2018 US CMBS Delinquency Report.
The Trepp CMBS Delinquency Rate dropped again in February, marking the eighth consecutive month in which the rate has improved. The delinquency reading for US commercial real estate loans in CMBS fell 32 basis points to 4.51% last month. The delinquency rate has decreased by 124 basis points in the eight months since June 2017, and is now just 36 basis points higher than the post-crisis low observed in February 2016.
Michele Casi has been practicing commercial real estate since 1996. Michele was the owner/ broker of Casi Real Estate LLC for many years and joined Saurage Rotenberg Commercial Real Estate in 2017, specializing in the sale and leasing of commercial real estate. She has an extensive background in management and disposition of Real Estate Investment Trust (REIT) portfolios for major companies such as Trammell Crow Company, Brookfield Asset Management and as an Associate Director for Jones Lang LaSalle. Michele holds an Associate Broker’s license in Louisiana and Mississippi, as well as a Certified Property Manager (CPM) designation from the Institute of Real Estate Management (IREM).
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).