CW Capital Portfolio for $2.5B

Client: CW Capital Asset Management LLC

​CBRE advised CW Capital Asset Management LLC on the sale of a portfolio of 62 mortgage loans and real estate assets for a combined $2.5 billion of notional balance. CBRE’s National Loan Sale Advisory Group collaborated with 30 separate CBRE Brokerage Services teams; professionals from CBRE’s Valuation and Advisory Services and Financial Consulting groups; and GEMSA Loan Servicing, a joint venture between CBRE and GE Real Estate; to successfully complete the transaction.

The portfolio, consisting of office, retail and hospitality assets across the U.S., was stratified into three pools and further subdivided into nine sub-pools, and was ultimately sold through 13 separate closings. More than 150 U.S. and international firms submitted offers, and investors had the ability to bid on the entire portfolio, pools, sub-pools, select individual assets or a combination thereof.
“Organization and process were key components, because multiple assets in multiple jurisdictions required a broad reach and a disciplined approach,” said David Iannarone, president of CW Capital. “CBRE organized the pools of assets and the due diligence information, and handled data requests from national bidders to local bidders. Timing was a challenge. CBRE activated resources across the nation, as well as assisting in bringing financing to the table.”
Patrick Arangio, Vice Chairman of CBRE’s National Loan Sale Advisory Group, noted, “The successful results of this transaction show the true power of collaboration and reinforce the benefits of CBRE’s proven sale process and industry-leading platform. The results also underscore the ongoing strong demand for real estate assets as property values continue to recover.”