Shopping Center Business

MAY 2016

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

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CAPITAL MARKETS REVIEW 52 • SHOPPING CENTER BUSINESS • May 2016 Shopping Center Business is pleased to bring retail loan update information provided by Trepp. Trepp is the leading provider of CMBS and commercial mortgage information, analytics and technology to the global securities and investment management industries. Trepp has com- prehensive deal coverage of North American, European and Asian CMBS and Commercial Real Estate CDOs. *as of March 31, 2016; includes loans classifed as 30, 60, 90+ delinquent, Non-performing and Foreclosure/REO Retail Loan Delinquency Rates Source: Trepp Percentage of Retail Loans 30+ Days Delinquent* Current 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 5.33% 5.47% 5.76% 5.73% 5.51% Top 10 Delinquent Retail Loans $240,000,000 Westfeld Centro Portfolio REO Various Fixed VR $133,000,000 Galleria at Pittsburgh Mills Non-Performing Beyond Maturity Tarentum Fixed PA Property Name Balance Delinquency Status Location Loan Type $124,000,000 The Source REO Westbury Fixed NY $114,400,000 Marley Station REO Glen Burnie Fixed MD $110,000,000 Westfeld Shoppingtown Independence 90+ Days Wilmington Fixed NC $93,559,667 DDR/Macquarie Mervyn's Portfolio REO Various Fixed/Floating VR $84,675,000 Blackpoint Puerto Rico Retail Non-Performing Beyond Maturity Various Fixed VR $83,300,850 Fiesta Mall REO Mesa Fixed AZ $81,000,000 City View Center 90+ Days Garfeld Heights Fixed OH $78,549,677 Moreno Valley Mall REO Moreno Valley Fixed CA *as of March 31, 2016 Source: Trepp Cross Market Rankings Retail Loan Performance for Largest 50 Retail Markets ranked by Percentage 60+ Days Delinquent MSA Size MSA % 60+ Days Delinquent 22 Pittsburgh, PA 24.68 29 Cleveland-Elyria, OH 23.13 37 Virginia Beach-Norfolk-Newport News, VA-NC 15.88 20 Baltimore-Columbia-Towson, MD 15.33 39 Milwaukee-Waukesha-West Allis, WI 11.44 10 Boston-Cambridge-Newton, MA-NH 10.2 21 Denver-Aurora-Lakewood, CO 9.9 3 Chicago-Naperville-Elgin, IL-IN-WI 9.48 30 Kansas City, MO-KS 9.44 38 Providence-Warwick, RI-MA 9.39 Top 50 Retail Markets Average 5.07 *as of April 18, 2016 Source: Trepp

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