Faculty News
Professor Stijn Van Nieuwerburgh discusses the state of the commercial mortgage backed securities (CMBS) market
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Excerpt from Commercial Observer -- "'The CMBS market is very hot. I’m not sure why now would be the right time to' securitize leases, said Stijn Van Nieuwerburgh, director of the Stern Center for Real Estate Finance Research at New York University. Mr. Van Nieuwerburgh said that while securitizing commercial leases is theoretically possible, he fails to see the 'business logic' behind it and questions the appetite for these exotic investments."
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