Industrial portfolio, 11 properties · Birmingham, Alabama
Encompass Health Corporation
Public CMBS trusts hold $84.6M of the loan on this portfolio at 3.65% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $84,590,814
- Original balance (same notes)
- $134,000,000
- Interest rate
- 3.65%
- Originated
- September 12, 2019
- Maturity
- October 1, 2029
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 9001 Liberty Parkway, Birmingham, AL 35242
- Metro
- Birmingham, AL
- Value at securitization
- $362.7M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $16.4M |
| Debt yield | 19.4% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BBCMS Mortgage Trust 2019-C5 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Encompass Health Corporation | Birmingham, AL | Office | 100% | 3.23x |
| AT&T Services Inc. | San Antonio, TX | Office | 100% | 3.07x |
| GENX Leasing Partners - Dearborn | Dearborn, MI | Office | 100% | 4.01x |
| ComDoc Inc. | North Canton, OH | Industrial | 100% | 4.30x |
| Stanley Convergent Security Solutions Inc | n/a | n/a | ||
| EQT Gathering LLC | Waynesburg, PA | Office | 100% | 4.00x |
| Metal Technologies Inc. - 909 | Bloomfield, IN | Industrial | 100% | 2.84x |
| Heatcraft Refrigeration Products LLC | Tifton, GA | Industrial | 100% | 3.76x |
| Hanes Companies Inc. | Calhoun, GA | Industrial | 100% | 3.21x |
| FedEx Ground Package System Inc. | Lake Charles, LA | Industrial | 100% | 3.49x |
| Cummins Inc. | Gillette, WY | Industrial | 100% | 3.32x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $46.7M | Not reported | No | 3.23x | 100% |
| August 2026 | $46.7M | Not reported | No | 3.34x | 100% |
| July 2026 | $84.6M | Not reported | No | 3.34x | 100% |
| June 2026 | $84.6M | Not reported | No | 3.34x | 100% |
| May 2026 | $84.6M | Not reported | No | 3.34x | 100% |
| April 2026 | $84.6M | Not reported | No | 3.34x | 100% |
| March 2026 | $84.6M | Not reported | No | 3.34x | 100% |
| February 2026 | $84.6M | Not reported | No | 3.28x | 100% |
| January 2026 | $84.6M | Not reported | No | 3.28x | 100% |
| December 2025 | $84.6M | Not reported | No | 3.12x | 100% |
| November 2025 | $84.6M | Not reported | No | 3.26x | 100% |
| October 2025 | $84.6M | Not reported | No | 3.26x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CF 2019-CF2 Mortgage Trust | 1 | $37,876,484 | Sep 2026 | SEC filing, September 30, 2026 |
| BBCMS Mortgage Trust 2019-C5 | 1-A2A4A8 | $31,563,737 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2019-C5 | 1-A4 | $6,944,022 | Sep 2026 | SEC filing, September 29, 2026 |
| CF 2019-CF2 Mortgage Trust | 1 | $5,050,198 | Sep 2026 | SEC filing, September 30, 2026 |
| BBCMS Mortgage Trust 2019-C5 | 1-A8 | $3,156,374 | Sep 2026 | SEC filing, September 29, 2026 |
Other Birmingham loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| AL & SC Multifamily Portfolio | Hoover, AL | Multifamily | $30.4M | 7.03% | Nov 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Wildwood Centre | Homewood, AL | Retail | $12.0M | 3.90% | Nov 2029 | 1.93x | 94% | Current |
| Residence Inn - Hoover AL | Hoover, AL | Hotel | $10.2M | 3.82% | Sep 2029 | 2.54x | 75% | Current |
| Holiday Inn Express, Pell City | Pell City, AL | Hotel | $8.6M | 4.57% | Apr 2029 | n/a | n/a | Current |
| Beacon Center Office Park | Birmingham, AL | Office | $4.2M | 4.05% | Oct 2029 | 2.04x | 79% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.