| Life Companies Take the Big-Box End of Industrial Lending
Life insurance companies are financing a different class of industrial property than the securitized market, according to a new Trepp Research analysis. Their buildings are more than twice as large, carry far less risk on paper and produce about twice the income per square foot. The median industrial property financed by a life company is 250,000 square feet. The median for commercial mortgage-backed securities and commercial real estate collateralized loan obligations is 112,482…» |