(12/31/2008)

Global CMBS Issuance in 2008

 

Deal Category (US)

2008
($Mil.)

No. of
Deals

% of
Total

2007
($Mil.)

No. of
Deals

% of
Total

'07-'08
% Chg.

Conduit/fusion

$10,707.5

8

88.2

$191,658.9

65

83.3

-94.4

Single borrower (nonlease-backed)

1,438.4

1

11.8

13,197.4

4

5.7

-89.1

Short-term (pooled)

0.0

0

0.0

20,864.7

13

9.1

-100.0

Seasoned collateral

0.0

0

0.0

4,121.7

3

1.8

-100.0

Lease-backed (single borrower)

0.0

0

0.0

350.3

1

0.2

-100.0

TOTAL

12,145.9

9

100.0

230,193.0

86

100.0

-94.7




Deal Category (Non-US)

2008
($Mil.)

No. of
Deals

% of
Total

2007
($Mil.)

No. of
Deals

% of
Total

'07-'08
% Chg.

Seasoned collateral

$11,578.5

5

67.4

$8,099.7

8

9.5

42.9

Single borrower (nonlease-backed)

3,644.4

12

21.2

23,931.8

38

28.1

-84.8

Short-term (pooled)

1,773.1

7

10.3

48,318.1

48

56.6

-96.3

Lease-backed (single borrower)

181.8

1

1.1

237.0

2

0.3

-23.3

Fixed rate (pooled)

0.0

0

0.0

4,720.0

9

5.5

-100.0

TOTAL

17,177.8

25

100.0

85,306.6

105

100.0

-79.9




Offering Type

2008
($Mil.)

No. of
Deals

% of
Total

2007
($Mil.)

No. of
Deals

% of
Total

'07-'08
% Chg.

Non-U.S.

$17,177.8

25

58.6

$85,306.6

105

27.0

-79.9

SEC-registered

10,707.5

8

36.5

190,566.7

59

60.4

-94.4

Rule 144A

1,438.4

1

4.9

39,626.4

27

12.6

-96.4

TOTAL

29,323.7

34

100.0

315,499.6

191

100.0

-90.7




Note Denomination

2008
($Mil.)

No. of
Deals

% of
Total

2007
($Mil.)

No. of
Deals

% of
Total

'07-'08
% Chg.

U.S.

$12,927.4

10

44.1

$230,828.3

90

73.2

-94.4

Euro

11,558.5

7

39.4

45,529.3

38

14.4

-74.6

Japan

3,348.6

13

11.4

14,640.4

26

4.6

-77.1

U.K.

1,177.8

2

4.0

19,100.5

19

6.1

-93.8

Malaysia

181.8

1

0.6

132.8

1

0.0

36.9

South Africa

129.6

2

0.4

496.2

3

0.2

-73.9

Canada

0.0

0

0.0

3,235.2

8

1.0

-100.0

Australia

0.0

0

0.0

1,173.6

6

0.4

-100.0

Thailand

0.0

0

0.0

174.4

1

0.1

-100.0

Mexico

0.0

0

0.0

104.2

1

0.0

-100.0

Taiwan

0.0

0

0.0

84.7

2

0.0

-100.0

TOTAL

29,323.7

34

100.0

315,499.6

191

100.0

-90.7




Property Type

2008
($Mil.)

 

% of
Total

2007
($Mil.)

 

% of
Total

'07-'08
% Chg.

Office

$10,288.2

37.1

$112,064.2

36.2

-90.8

Retail

6,768.7

24.4

69,196.7

22.4

-90.2

Hotel

4,313.9

15.6

36,731.6

11.9

-88.3

Multi-family

2,944.7

10.6

48,896.4

15.8

-94.0

Warehouse/industrial

1,226.1

4.4

19,500.1

6.3

-93.7

Mobile-home park

241.5

0.9

3,091.1

1.0

-92.2

Nursing/retirement

121.7

0.4

1,203.1

0.4

-89.9

Other

1,797.2

6.5

18,583.8

6.0

-90.3

TOTAL

27,702.0

 

100.0

309,266.9

 

100.0

-91.0

Unidentified

1,621.7

   

6,233.0

   

GRAND TOTAL

29,323.7

   

315,499.6

   

-90.7


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