Shopping Center Business

MAY 2015

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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56 • SHOPPING CENTER BUSINESS • MAY 2015 CAPITAL MARKETS REVIEW Source: Trepp Shopping Center Business is pleased to bring retail loan update information provided by Trepp. Trepp is the leading pro- vider of CMBS and commercial mortgage information, analytics and technology to the global securities and investment management industries. Trepp has comprehensive deal coverage of North American, European and Asian CMBS and Commercial Real Estate CDOs. Top 10 Delinquent Retail Loans Property Name Balance Delinquency Status Location ST Loan Type Westfeld Centro Portfolio $240,000,000 Foreclosure Various VR Fixed Citadel Mall $136,000,000 REO Colorado Springs CO Fixed Galleria at Pittsburgh Mills $133,000,000 Non-Performing Beyond Maturity Tarentum PA Fixed Northwest Arkansas Mall $125,600,000 REO Fayetteville AR Fixed The Source $124,000,000 REO Westbury NY Fixed Marley Station $114,400,000 REO Glen Burnie MD Fixed Westfeld Shoppingtown Independence $110,000,000 Foreclosure Wilmington NC Fixed DDR/Macquarie Mervyn's Portfolio $94,508,294 REO Various VR Fixed/ Floating Blackpoint Puerto Rico Retail $84,675,000 Non-Performing Beyond Maturity Various PR Fixed Fiesta Mall $83,300,850 REO Mesa AZ Fixed as of April 16, 2015 Percentage of Retail Loans 30+ Days Delinquent* Current 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 5.51% 5.38% 5.66% 5.86% 5.71% Retail Loan Delinquency Rates Source: Trepp *as of March 31, 2015; includes loans classifed as 30, 60, 90+ delinquent, NonPerforming and Foreclosure/REO MSA MSA Size %60+ Days Delinquent Cleveland-Elyria-Mentor, OH 23 23.05 Pittsburgh, PA 21 21.46 Milwaukee-Waukesha-West Allis, WI 36 13.64 Nashville-Davidson--Murfreesboro, TN 39 12.37 Atlanta-Sandy Springs-Marietta, GA 9 11.49 Detroit-Warren-Livonia, MI 10 10.92 Baltimore-Towson, MD 19 10.89 Riverside-San Bernardino-Ontario, CA 13 10.75 Virginia Beach-Norfolk-Newport News, VA-NC 32 9.61 Boston-Cambridge-Quincy, MA-NH 11 9.29 Top 50 Retail Markets Average 5.22 Cross Market Rankings Retail Loan Performance for Largest 50 Retail Markets ranked by Percentage 60+ Days Delinquent Source: Trepp as of April 16, 2015

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