DBRS CMBS Highlights No Images? Click here DBRS HOTLIST LOANS DBRS Hotlist LoansAs retailers work to right-size their brick and mortar footprints, it seems like there is a different round of store closures in the news every day, such as yesterday’s Charlotte Russe bankruptcy filing and announcement to close nearly 100 stores nationwide. DBRS analysts use DBRS Viewpoint and other data sources to verify exposure to the closing tenant lists and monitor impacted loans closely. The highlighted loans below are being added to the DBRS Hotlist for tenancy concerns. WFRBS 2012-C10Dayton MallThis property has two closed anchors and several new tenants coming in within the next year, but the low inline sales and secondary market are concerning factors. MSBAM 2015-C21Stone Ridge PlazaIn the case of Stone Ridge Plaza, a Toys “R” Us box remains empty and prospects for backfilling are diminished by the property characteristics and location. COMM 2015-PC1Mount Vernon Shopping CenterThe grocery anchor is closing at the Mount Vernon Shopping Center in suburban Atlanta, leaving a major vacancy for the center in a challenging time for back filling large spaces. |