KBRA releases its Day 1 recap of the CRE Finance Council (CREFC) January Conference 2022. CREFC returned to Miami for the event, which was an in-person event compared to last year’s virtual conference. The general mood on the first day was one of optimism, with a healthy measure of uncertainty after the commercial mortgage-backed securities (CMBS) market came off record post-global financial crisis (GFC) issuance of $163 billion.

Day 1 kicked off on January 10 with opening remarks from CREFC Chair Eric Thompson, Senior Managing Director and Global Head of Structured Finance Ratings at KBRA, as well as conference Co-Chairs Jack Gay of Nuveen Real Estate and Melissa Band of Varde Partners. Following the opening remarks, the first session, Prosperity Ahead … Or Not?, featured Todd Buchholz, former White House director of economic policy. Mr. Buchholz discussed the state of the U.S. economy pre-COVID and how the economy was well positioned for a continued recovery. But any recovery could be held back by inflation, populist regulations, and skepticism of global trade.

The remaining Day 1 sessions were all closed door, including CREFC’s forum group meetings, a young professionals roundtable, and a panel discussion on what lies ahead for the securitization market. The seven forum groups included: GSE/Multifamily, Investment-Grade Bondholders, Servicers, Portfolio Lenders, B-Piece Investors, High-Yield & Distressed Debt Realty Assets, and Issuers.

To review the recap, click here.

Related Reports

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• CRE Securitization Market Set for SOFR in 2022 but LIBOR Lingers
• CMBS Trend Watch: December 2021
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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

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