Quantifying the impacts of climate shocks in commercial real estate markets
This study investigates the capitalization of climate shocks in commercial real estate owned
and operated by professional investors. We focus on Hurricanes Harvey and Sandy to …
and operated by professional investors. We focus on Hurricanes Harvey and Sandy to …
Monetary policy strategies and tools: financial stability considerations
This paper examines potential interactions between financial stability and the monetary
policy strategies and tools considered in the Federal Reserve's review of monetary policy …
policy strategies and tools considered in the Federal Reserve's review of monetary policy …
Loan modifications and the commercial real estate market
Banks modify more CRE loans than CMBS, contributing to better loan performance when
property incomes decline. However, banks have higher delinquency rates for less-stressed …
property incomes decline. However, banks have higher delinquency rates for less-stressed …
CRE redevelopment options and the use of mortgage financing
A significant share of commercial real estate (CRE) investment properties—about half by our
estimates—are purchased without a mortgage. Using comprehensive microdata on …
estimates—are purchased without a mortgage. Using comprehensive microdata on …
Lease expirations and CRE property performance
DP Glancy, JC Wang - 2023 - econstor.eu
This study analyzes how lease expirations affect the performance of commercial real estate
(CRE) properties and how these patterns changed during the COVID-19 crisis. Even before …
(CRE) properties and how these patterns changed during the COVID-19 crisis. Even before …
Cash flow uncertainty, ownership structure and corporate real estate holding
J Deng, H Liu, H Yu, Z Chen - Applied Economics, 2024 - Taylor & Francis
This study examines the relationship between cash flow uncertainty and corporate real
estate holdings and investigates the role of ownership structure. Using a dataset of A-share …
estate holdings and investigates the role of ownership structure. Using a dataset of A-share …
Determinants of credit spreads and cash flow-related lending in commercial real estate
R Haffki, K Hennig - Research in International Business and Finance, 2024 - Elsevier
The study examines risk-specific determinants of credit spreads and underwriting practices
for non-recourse commercial real estate loans using property and loan characteristics. We …
for non-recourse commercial real estate loans using property and loan characteristics. We …
Climate Risks in the Commercial Mortgage Portfolios of Life Insurers: A Focus on Sea Level Rise and Flood Risks
In this paper, we explore the climate risk exposure of US life insurers' commercial mortgage
loan portfolios, focusing on sea level rise (SLR) and flood risks. Commercial mortgages are …
loan portfolios, focusing on sea level rise (SLR) and flood risks. Commercial mortgages are …
[PDF][PDF] Determinants of Recent CRE Delinquency: Implications for the Banking Sector.”
DP Glancy, R Kurtzman - Board of Governors of the Federal …, 2024 - davidglancy.github.io
Rising interest rates and structural shifts in the demand for space have strained CRE
markets and prompted concern about contagion to the largest CRE debt holder: banks. We …
markets and prompted concern about contagion to the largest CRE debt holder: banks. We …
Determinants of Recent CRE Distress: Implications for the Banking Sector
D Glancy, RJ Kurtzman - 2024 - papers.ssrn.com
Rising interest rates and structural shifts in the demand for space have strained CRE
markets and prompted concern about contagion to the largest CRE debt holder: banks. We …
markets and prompted concern about contagion to the largest CRE debt holder: banks. We …