Republic Plaza

KBRA Releases Research – CMBS Loan Performance Trends: October 2023

Retrieved on: 
Monday, October 30, 2023
Banking, Professional Services, Finance, KBRA, The Mall at Tuttle Crossing, LL, Park Avenue, COMM, CMBS, Delinquent, Times Square, Bridgewater Commons, Republic Plaza, Mall, Real estate, Bank

KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the October 2023 servicer reporting period.

Key Points: 
  • KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the October 2023 servicer reporting period.
  • The delinquency rate among KBRA-rated U.S. CMBS in October held steady at 4.21%, just four basis points (bps) lower than September’s 4.25% rate.
  • The total delinquent and specially serviced loan rate (distress rate) experienced a larger decline of 22 bps to 6.53%.
  • In this report, KBRA provides observations across our $315 billion rated universe of U.S. private label CMBS including conduits, SASB, and large loan (LL) transactions.

Kitchen Culture: Resolution of rental arrears and other legacy issues addressed

Retrieved on: 
Tuesday, July 25, 2023
CDL, Bank statement, Negotiation, History, Growth, Republic Plaza, Letter, Audit, Management

This is in line with the Board's objective to usher in a new era of transparency, accountability and business expertise.

Key Points: 
  • This is in line with the Board's objective to usher in a new era of transparency, accountability and business expertise.
  • The Board is pleased to announce the significant progress in resolving some of these issues.
  • The Board will now engage with relevant professionals to address the issues and recommendations raised from the Special Audit.
  • We look forward to working closely with all stakeholders to ensure a successful future for the Company", added Mdm Hao.