With offices in California and New York, integrated real estate investment management firm PCCP specializes in middle-market investment opportunities nationwide. Apart from its everyday business activities, PCCP supports the reporting performed by Institutional Real Estate, Inc. (IREI).
IREI reported that the delinquency rate for commercial mortgage-backed securities (CMBS) hit a 15-month low in December 2017, posting a rate of 4.89 percent that capped six consecutive months of declining rates. As a point of reference, the last time CMBS delinquencies were this low was in September 2016.
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