PROGRAM

This two-part webinar series provides a deep dive into Commercial Real Estate Collateralized Loan Obligations (CRE CLOs), covering their evolution, structure, and role within capital markets. Designed for professionals looking to enhance their understanding of CRE securitizations, this series explores key characteristics, participants, and investment considerations critical to CRE CLO transactions.

Faculty will begin with an overview of CRE CLOs, discussing the characteristics of the underlying collateral and the credit analysis involved. Participants will compare CRE CLOs to other forms of CRE securitizations and examine the key parties involved in a typical CRE CLO transaction, including Sponsors, Arrangers, Rating Agencies, Servicers, and Collateral Managers.

The series will also delve into the multiple roles that CRE CLO collateral managers and their affiliates play throughout a transaction’s lifecycle, such as Asset Originator, Distressed Loan Seller, and Future Funding Obligor. Investment considerations, pre- and post-closing timelines, and structural elements—such as the “debt-for-tax” approach versus a REMIC structure—will be analyzed. Additionally, participants will explore the evolution of CRE CLO transaction types, from static to managed structures, and their reinvestment criteria post-crisis (2012 to present).

The series will conclude with a high-level comparison of CRE CLOs to pre-crisis CRE CDOs, CMBS, and large-loan floaters, highlighting key takeaways for investors and market participants.

At the conclusion of each webinar registrants will be able to ask questions.

Series Schedule:
Part 1: Tuesday, December 2nd; 2:00pm -3:00pm ET
Part 2: Tuesday, December 9th; 2:00pm -3:00pm ET