tybs
>>18403513 pb
PlaneFag CONUS Update
Cap#3 for eastern half of country
German AF GAF876 A321 departed JFK NEFM Analena BAERbockafter some verbal fear pron diarrhea at the UN and she is positioning herself to oust Olaf Scholz and be PM who isn't "tough enough on muh Russia"
Speech by Federal Foreign Minister Annalena Baerbock at the United Nations General Assembly
https://www.auswaertiges-amt.de/en/newsroom/news/baerbock-united-nations/2583592
>>18403412 pb
Mexi AF FAM3537 737 on descent for Juarez after it's Tijuana Int'l stop
Canadian AF CFC3120 CC-150 Polaris departed San Diego Int'l after a grond stop of about 65m heading NW and same AC that Trudope used to got to Bahamas last week
RCH4122 C-17 GLobemaster heading to Seattle so someone is going here as this is the thrid one in 24 hours to JB McChord
PAT354 US Army C-26E Metro is back at Little Rock after an earlier stop and also stops at Tekarkana and San Antonio, PAT962 went to Columbus AFB from it's Indianapolis Int'l stop earlier today-where PAT 618 arrived earlier today from Cheynne, WY
SPAR282 Learjet at Scott from Peterson SFB depart
PAT63 US Army G5 and SAM289 G5 returned to JBA from Redstone Arsenal stop
VM767 also back to JBA from Paducah, KY stop and SAM371 was there too
MASA42 E-6B Mercury went back to Pax River after Gulf 'o Mexico patrol
REBEL50 UC-12F Huron is at Savannah Int'l from a stop at Daytona Beach Int'l-departed Cartagena Colombia earlier today-stopped at Puerto Rico-west siiide near Aquadilla
DAGGR01 USAFSOC C-146A Wolfhound stopped at Bentonville, AR after departing Fayetteville N.C-did some roundies over Raleight then went back to Fayetteville for a bit then on to Bentonville
RCH9965 C-17 arrived at Wright-Pat. AFB-Dayton from somewhere in the Caribbean-prolly PR (data drops in between eastern FL and Bahamas @33k ft so did not go to Bahamas) yesterday from San Antonio
Credit Suisse Cuts Property Fund (REIT) Payouts as Withdrawals Mount
Credit Suisse Group AG’s funds business cut payouts on a 3.25 billion Swiss franc ($3.5 billion) real estate pool and said some clients were seeking to pull their cash after valuations were hit by rising interest rates.
The Credit Suisse Real Estate Fund International’s net asset value is expected to drop as much as 10%, according to a statement Friday. That will likely limit distributions to investors to as low as 35 francs a share, down from 40 francs a share, it said. Investors holding about 13.3% of the fund’s shares have asked for their money back. Rising interest rates are hitting real estate values globally, as the cheap money era in which real asset values soared comes to an end. While publicly traded landlords saw their share prices rapidly adjust to rising borrowing costs, private market valuations have been slower to update, and some investors in real estate funds have sought to redeem their cash before writedowns feed through.
“Global valuations were negatively impacted by rising interest rates for CS REF International in its key markets of the United States, the United Kingdom, and Germany,” Credit Suisse said in the statement. “Despite healthy rental results at attractive conditions, these were insufficient to offset the negative effects of rising interest rates.” The fund’s top holdings include properties in Vancouver, Austin and Boston, according to a fact sheet. (and Vancouver is in no way one of the largest RE bubbles ever produced with all the Chinee munee…/s)
Credit Suisse isn’t the only firm seeing its property holdings suffer in a down market. In January, BlackRock Inc. suspended withdrawal requests on a £3.5 billion UK property fund, and Blackstone Inc’s $69 billion real estate trust hit a monthly redemption limit. Yet Credit Suisse’s fund has been struggling for a while and has underperformed all of its peers over the past five years and is down almost 5% in that period, according to data compiled by Bloomberg.
The real estate fund’s woes aren’t directly related to the broader turmoil at Credit Suisse, which is undergoing an extensive overhaul that will involve spinning out parts of the investment bank. The lender has raised $4 billion in capital, yet investor confidence is yet to return and the bank’s share price hit a record low this week.
https://www.bnnbloomberg.ca/credit-suisse-cuts-property-fund-payouts-as-withdrawals-mount-1.1887779
https://www.bnnbloomberg.ca/credit-suisse-cuts-property-fund-payouts-as-withdrawals-mount-1.1887779
Just like Blackrock and Blackstone in December and January and the REIT market is just about to keel over as Commercial RE loans are seeing quite a few delinquencies piling up and seeing some missed payments-plus you've got the whole "i wanna work at home " thing continuing so not as much commercial space is needed
In Japan you also have the BoJ actively propping up it's Commercial REIT markets by buying JREITS straight up
They managed to close at right bang on $3 today
CS $3.0000-0.0400 (-1.32%)
from Feb 13th
Delinquencies Tick Upward for Fitch-Rated CMBS Loans, Led by Office and Mixed-Use
https://www.connectcre.com/stories/delinquencies-tick-upward-for-fitch-rated-cmbs-loans-led-by-office-and-mixed-use/
9811fa
9811fa (24)
wow three separate posts on the same one
Insecure much?
yawn
there ya go
36!
just like earlier
each one moar worthless than the prior
congratulations!!!!
replies to self over and over