Third Annual Canadian CMSA Conference Focuses on the Future
Toronto (October 17, 2006)—Commercial Mortgage Securities Association in Canada (CMSA Canada) today launched its Third Annual Canadian CMSA Conference at the Hilton Toronto.
The leading event for the commercial mortgage backed securities (CMBS) industry in Canada, the Conference is set to provide its attendees with in-depth educational seminars and panels on the evolving market and a focus on its future.
“With total CMBS issuance in Canada in 2006 expected to exceed CDN$5 billion, the Conference is a good chance for industry participants to discuss new opportunities in this market. From investors to lenders and servicers, lawyers to investment bankers, it provides an extraordinary educational resource and networking opportunity for market players,” said CMSA Canada Chair Glen Malcolm.
The CMBS market has seen significant growth within the last few years. In 2005, total issuance was CDN$3.3 billion, surpassing the 2004 issuance of CDN$2.5 billion. Key to that success, Mr. Malcolm added, was the liquidity and stability of the market. The Conference is a significant effort to help address the most important issues facing the industry and ensure its continued vitality, he added.
Scheduled conference panels will provide a real estate and investment market overview, a look at emerging markets and trends, a discussion on retail markets and a dialogue on investors in the market. A special bond pricing and structuring seminar is also scheduled. This seminar will provide attendees with instruction on the fundamentals they need on these important subjects and find out what happens to net proceeds when senior buyers demand more, "b" buyers pressure originators, and rating agencies get nervous.
CMSA Canada Chair, Mr. Malcolm, Director, Capital Markets at Capmark Canada Inc., and CMSA Canada Vice Chair Charles Gamm, Vice President, Moody’s Investors Service, serve as co-chairs of the Third Annual Canadian CMSA Conference Committee.
About CMSA Canada
CMSA Canada is part of Commercial Mortgage Securities Association (CMSA®), an international trade association dedicated to promoting the ongoing strength, liquidity and viability of commercial real estate capital market finance worldwide.
With more than 400 member companies worldwide, CMSA offers unparalleled leadership in the commercial real estate capital market finance industry. Our diverse membership base spans the globe and represents the full range of the industry market participants, from senior executives at the largest money-center banks and investment banks, rating agencies, insurance companies, and investors to service providers. Member-driven, CMSA is dedicated to insightful, forward thinking that encourages vision, innovation and continuous professional growth for market participants. CMSA is committed to being responsive to its members and providing them a culture of collaboration, collegiality, open and inclusive dialogue, consensus building and respect for diverse views.
For more information, download the Conference brochure.