CRE/CLO Update
May 5, 2026
Progress on CREFC’s Collateral Manager Data Report (CMDR) and Upcoming June Meeting
CREFC continues to spearhead efforts to enhance transparency and standardization across the CRE CLO landscape. As we approach the mid-year mark, significant strides have been made in the adoption of the Collateral Manager Data Report (CMDR), alongside new opportunities for industry-wide collaboration.
Save the Date: CRE CLO / IRP Joint Meeting
The upcoming CREFC Annual Conference will feature a dedicated in-person joint lunch meeting of the CRE CLO Working Group and the Investor Reporting Package (IRP) Committee. This session is geared for participants to provide comments and suggestions on CRE CLO and IRP reporting.
- When: Monday, June 8, 2026 | 12:30 PM – 1:30 PM
- Registration: Register Here
- Note: Registration for the full CREFC Annual Conference is not required to participate in this specific meeting.
Collateral Manager Data Report (CMDR) Implementation
Adoption of the CMDR is gaining significant momentum. This quarter marks a turning point as several additional firms have begun active reporting. The integration into major data platforms is also moving forward rapidly:
- Intex: Active reporting is underway.
- Trepp: Scheduled to begin reporting by the end of May.
- Bloomberg: Now reviewing requirements to facilitate this reporting in the future.
Furthermore, CREFC is actively developing CMDR v2. Our goal is to circulate this updated version for review by the working group prior to the June Annual meeting, ensuring that the latest feedback from market participants is incorporated into the draft.
What's Next: Advancing CRE CLO Financials Reporting
Streamlining the reporting of financials remains the next top priority for the working group. Recent discussions with a diverse group of Issuers, Investors, and Servicers revealed a variety of perspectives on the most efficient path forward.
Given the importance of achieving a consensus that serves all market participants, we will be hosting a live discussion during the June 8th meeting at the Conference. This will be an essential opportunity to weigh different viewpoints and determine the best strategy for streamlining these critical data sets.
Get Involved
Your feedback is vital to the success of these initiatives. For any questions or comments regarding these updates, please reach out to Rohit Narayanan at rnarayanan@CREFC.org.