Excerpt from article: According to early analysis of securitized loan results through February of 2016, the commercial properties backing the loans posted strong net operating income (NOI) growth, increasing 3.8% on average in 2015.
- Average NOI for commercial property backing CMBS loans showed a big jump in 2015, compared with 2.66% in 2014 and 2.64% in 2013
- While Wells Fargo cautioned the results are preliminary, if the growth rate stays near the current level, it would mark the highest change since the financial crisis, surpassing the 3.4% annual NOI average increase in 2012
- Hotel, self-storage and multifamily properties backing CMBS loans were the lead profit-centers, driving average NOI increases of 8.6%, 8.5% and 7%, respectively.
Citation and Link: Heschmeyer, Mark. “Building Owners Enjoyed 2015 Property NOI Growth at Highest Levels Since 2007.” CoStar News. 23 Mar. 2016. Web. 26 Mar. 2016.
Picture Citation and Link: “Building Owners Enjoyed 2015 Property NOI Growth at Highest Levels Since 2007.” CoStar News. 23 Mar. 2016. Web. 26 Mar. 2016.