We are very pleased to announce Hall of Famer, Entrepreneur, Media Personality and Philanthropist, Shaquille O’Neal, as our CREFC Miami 2024 Keynote Speaker.
CREFC has everything you need to grow your career and stay current with the industry.
December 11, 2023
Private-Label CMBS and CRE CLOs
- BX 2023-XL3, a $1 billion SASB backed by a floating-rate loan secured by 109 industrial properties across nine states
- KSL 2023-H5, a $736 million SASB backed by a floating-rate loan secured by 19 hotels totaling 3,102 rooms in six states and Washington, D.C.
CMBS Spreads Tighten
The Economy, the Fed, and Rates…
“The Fed needs to see disinflation
and weakness in the economic data, particularly in the labor market, to move.
Right now, we don’t have that.”
December 11, 2023
House Financial Services Chairman Patrick McHenry (R-NC) surprised many last week when he announced he would not run for re-election in 2024 and plans to retire at the end of his term. Former Speaker Kevin McCarthy (R-CA) announced he will resign a the end of the year, which had been widely expected after his ouster.
Why it matters: Looking at Congress overall, this is the most rapid pace of retirements in over a decade. McHenry’s retirement opens up a race in Financial Services to succeed him as the top Republican.
By the numbers: 38 members of Congress—seven members of the U.S. Senate and 31 members of the U.S. House—announced they would not seek re-election in 2024. Reasons for the House departures break down as follows:
The big picture: While some retirements create opportunities for seats to flip, the key impact in safe seats will be in the primaries. An open primary gives more extreme candidates a smoother path to victory without a well-funded incumbent in the way.
Contact David McCarthy (firstname.lastname@example.org) and James Montfort (email@example.com) for more information.
38 Members of Congress have announced their retirement as of
Having launched its Sustainability Initiative in early 2021, CREFC recognized the need for a robust and unbiased ESG monitoring system that allows our industry partners to track the complex and evolving nature of the U.S. ESG landscape.
CREFC partnered with Oxford Analytica to design a Strategic Issues Monitor (SIM), a benchmark that will allow organizations to identify, assess, and track macro ESG trends with the most impact on the U.S. commercial real estate finance industry and our members over the next three years.
What's next: In June 2023, we presented that baseline report, ESG Trends in the Commercial Real Estate Finance Industry. The report’s goals were to provide an update on new developments and implications for the trends enumerated in the baseline report.
We are pleased to share our first update, ESG Trends in the Commercial Real Estate Finance Industry: Update Report, December 2023, which covers:
Please contact Sairah Burki at firstname.lastname@example.org with any comments or questions.
CREFC has teamed up with NCREIF to produce and promote the NCREIF/CREFC Open-end Debt Fund Aggregate (the “Debt Aggregate”). In short, this product will deliver a fund-level compilation of open-end debt funds providing financing to commercial and multifamily real estate borrowers/owners. The Debt Aggregate will be issued in a draft “consultation” format for at least one year, which allows time for industry feedback before it is rolled out as an official product.
For questions or to get involved, contact Lisa Pendergast
Overview of Debt Fund Index
(presentation slides from CREFC's September 28, 2023 Capital Markets Conference)
Watch the Video
(video replay from CREFC's September 28, 2023 Capital Markets Conference)
The affairs of CRE Finance Council are managed by a Board of Governors, selected from the general membership, which meets at least two times a year. During the periods the Board is not convened, the Executive Committee has full authority to transact all CRE Finance Council business. The Executive Committee is made up of the chair, chair-elect, vice chair, secretary, treasurer, membership chair, administrative executive, as well as four additional Executive Committee members. View the CREFC By-Laws.
Sign up for CREFC's Women's Network.
Our members shape the commercial real estate finance industry with our advocacy initiatives. Through a collaborative process with our members, CREFC develops official policy positions that are presented as needed to legislators and regulators. These policies are developed through participation in our forums. CREFC also maintains fact sheets in online and PDF format on all major CRE issues and informs members weekly of the latest regulatory developments. To make a difference in the direction of our industry, sign up for a forum and participate in our advocacy efforts below. Contact David McCarthy with any CREFC policy or advocacy questions.
Sign Up for Forum
Read the latest issue of CREFC's weekly Policy and Capital Markets Briefing
CREFC’s Policy Tracker includes a variety of visual aids and updates to help members understand, track, and analyze key policy issues affecting the CRE and multifamily finance industry.
CREFC’s Sustainability Initiative seeks to align the objectives of our members and the CRE finance industry with the opportunities and challenges of environmental, social and corporate sustainability.
For our weekly government relations and industry policy briefings, please visit our Document Resource Center. The Document Resource Center contains CREFC position papers, analyses, testimony, and other policy tools.
Read CREFC's thought leadership paper: Multifamily Housing Affordability in the Age of COVID and Beyond
Don't miss a beat! Remain informed on all things CRE and beyond by checking out CREFC's Archive Page. The archive houses legislative and political resources, developed and curated by CREFC's Government Relations team, needed to thrive in today's market.
The mission of the Young Professionals (YP) Network is to provide a platform for junior CRE finance professionals to foster meaningful business relationships and gain relevant industry knowledge through networking events, seminars and panels.
YP programming events are developed by YPs – so the content is current and applicable in their daily work. Each YP educational event includes a networking aspect to build and foster industry relationships with both peers and seasoned industry leaders. YPs are surveyed by region for ideas for future programming to ensure educational and industry needs are met.
Additionally, there are networking only events held in a more relaxed atmosphere where YPs can mingle among their peers.
There is a discounted rate to conferences and seminars for those CREFC Members 30 years of age or younger. To sign up for the 30 and Under Program Rate join the network and ensure that you check off the box “I would like to sign up to receive the “30 and Under Program Rate”. You will be required to submit photo ID to be approved for the discounted program rate.
Sign up TodayCREFC members Only
Take your career to the next level with our programming, mentoring, career planning, and continuing education.
CREFC offers industry participants an unparalleled ability to connect, participate, advocate and learn!