Trepp October Loss Analysis: Volume and Loss Severity Remain Below Average

NEW YORK, NY -- After a busy summer, September and October saw relatively low volume in terms of loans liquidated with losses.

Liquidation volume registered $960.1 million in October. While this number was up 10% from September's volume, it was still well below the 12-month moving average of $1.23 billion and 53% below July's $2.05 billion.

October loss severity landed at 38.58%, down from September's 43.30% and below the 12-month moving average of 43.78%. 

The number of loans liquidated in October was 76, resulting in $370.43 million in losses. These liquidations translated to an average disposed balance of $12.63 million, above the 12-month average of $11.39 million.

Since January 2010, servicers have been liquidating at an average rate of $1.17 billion per month.

For a complete copy of the company’s news release, please contact:

 Eric@greatink.com

Trepp Reports Percentage of Loans Paying at Maturity Dips after Hitting Multi-Year High in September

NEW YORK, NY -- The percentage of loans paying off on their balloon date slipped modestly in October to 68.6%.

The slide comes one month after the reading hit its highest level since December 2008, reaching 74.5%. However, the October payoff percentage is slightly above the 12-month moving average of 64.5%. (This number sums the averages of each month and divides by 12, there was no balance weighting across the months.)

By loan count (as opposed to balance), 68.1% of loans paid off, which is slightly lower then the September reading of 70.1%. The 12-month rolling average by loan count is now 67.5%.

The October percentage continues the recent trend of relatively higher payoff rates in 2013 compared to 2012. In 2012, many of the maturing loans were five-year balloons from the 2007 vintage. Most loans that are reaching their maturity now are 10-year balloons that were originated around 2003.

For a complete copy of the company’s news release, please contact:

 Eric@greatink.com

Grand Ridge Plaza in Issaquah, Washington to Celebrate Grand Opening with Seahawks Fanfare

Sky view of Grand Ridge Plaza, Issaquah, WA

Sea Gals Display New Uniforms

 ISSAQUAH, Wash.--(BUSINESS WIRE)-- Live appearances by Pro Football Hall of Famer Cortez Kennedy, Seahawks Blue Thunder and the Sea Gals, a special ribbon-cutting ceremony featuring City of Issaquah Mayor Ava Frisinger and other dignitaries, and other highlights will anchor three days of events to celebrate the official opening of Grand Ridge Plaza, the region’s newest destination retail and entertainment center.

More than 100 special guests have been invited to join Mayor Ava Frisinger, City of Issaquah, Craig Ramey, Senior Vice President/Senior Market Officer for Regency Centers, René Ancinas, President, Port Blakely Communities/CEO, Port Blakely Companies and Larry Norton, Chairman of Highlands Council, for a ribbon-cutting Friday, Nov. 15 that will hear remarks about the new center’s significance and impact on the community’s residents and the region’s economy.

Cortez Kennedy

Anchored by a custom-designed Safeway and a 12-screen Regal Cinemas, Grand Ridge Plaza serves Issaquah Highlands and the surrounding area.

With more than 35 shops and services, as well as 14 restaurants and cafés that have opened from July through early November, Grand Ridge Plaza is quickly establishing a reputation as the shopping and entertainment destination for the greater Eastside.

For a complete copy of the company’s news release, please contact:

Regency Centers Corporation

Jennifer West, 509-475-1855

jenniferpwest@gmail.com

Annaly Capital Management, Inc. Reports 3rd Quarter 2013 Results

 

 NEW YORK, NY--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE:NLY)  announced financial results for the quarter ended September 30, 2013.

Financial Performance

GAAP net income for the quarter ended September 30, 2013 was $192.5 million or $0.18 per average common share as compared to GAAP net income of $1.6 billion or $1.71 per average common share for the quarter ended June 30, 2013, and GAAP net income of $224.8 million or $0.22 per average common share for the quarter ended September 30, 2012.

The decline from the prior period was largely attributable to lower unrealized gains on interest rate swaps. Core earnings for the quarter ended September 30, 2013 was $282.3 million or $0.28 per average common share as compared to $294.2 million or $0.29 per average common share for the quarter ended June 30, 2013, and $306.3 million or $0.30 per average common share for the quarter ended September 30, 2012.

For a complete copy of the company’s news release, please contact:

Annaly Capital Management, Inc.

Investor Relations, 1-888-8Annaly

www.annaly.com

Chatham Lodging Announces Monthly Dividend

  

PALM BEACH, FL—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels, announced that its board of trustees has declared a monthly common share dividend of $0.07 for November 2013. 

The common dividend is payable December 27, 2013, to shareholders of record on November 29, 2013.

For a complete copy of the company’s news release, please contact:

Jerry Daly                                                                                   

Daly Gray Public Relations                                                   

(Media)                                                                                       

(703) 435-6293

jerry@dalygray.com

                                                                          

Dennis Craven

Chatham Lodging Trust

 (Company)

dcraven@cl-trust.com

 (561) 227-1386  

www.chathamlodgingtrust.com.