NCREIF Cap Rate to Treasury Spread Update

This is a little "last week", but CREConsole did provide a couple of nice graphs (from Real Capital Analytics) to accompany the Bloomy article that was arguing Cap Rates current spread to Treasurys are a sign that you should invest in CRE... I don't agree with the Bloomberg article, to be clear, but the charts are still interesting.

Distressed CRE by the Numbers...

Alliance Group has a well written synopsis of a recent NAR presentation on their website, here.

The most interesting chart is the distress by lender-type (i.e. CMBS vs. banks, insurance, etc.). I'm not sure the ultimate source, although it is sourced to Real Capital Analytics, but I know the numbers out of the Fed mix 30+ and 60+ delinquencies depending on which lender-type your looking at, which makes it a poor comparison. This data seems to be of better quality, and really shows the credit problems in CMBS.