Shopping Center Business

MAY 2017

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 2017 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, 2017; includes loans classified 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 6.12% 5.93% 6.37% 5.89% 5.33% Top 10 Delinquent Retail Loans $240,000,000 Westfield Centro Portfolio REO Various Fixed VR $140,000,000 Westfield Chesterfield Foreclosure Chesterfield Fixed MO Property Name Balance Delinquency Status Location Loan Type $136,749,955 Lakeside Mall Non-Performing Beyond Maturity Sterling Heights Fixed MI $133,000,000 Galleria at Pittsburgh Mills REO Tarentum Fixed PA $124,718,836 Mall of Acadiana Non-Performing Beyond Maturity Lafayette Fixed LA $124,000,000 The Source REO Westbury Fixed NY $110,000,000 Westfield Shoppingtown Independence Non-Performing Beyond Maturity Wilmington Fixed NC $99,680,722 Southern Hills Mall Non-Performing Beyond Maturity Sioux City Fixed IA $92,400,000 Rockvale Square Foreclosure Lancaster Fixed PA $92,000,000 University Mall REO South Burlington Fixed VT *as of March 31, 2017 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 46 Hartford-West Hartford-East Hartford, CT 22.92 29 Cleveland-Elyria, OH 21.89 22 Pittsburgh, PA 18.95 19 St. Louis, MO-IL 16.25 50 Buffalo-Cheektowaga-Niagara Falls, NY 16.11 14 Detroit-Warren-Dearborn, MI 15.33 49 Birmingham-Hoover, AL 13.47 27 Sacramento--Roseville--Arden-Arcade, CA 13.28 13 Riverside-San Bernardino-Ontario, CA 12.22 18 Tampa-St. Petersburg-Clearwater, FL 11.33 Top 50 Retail Markets Average 5.54 *as of April 17, 2017 Source: Trepp

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