Office · Highlands Ranch, Colorado
Shea Center II
Shea Center II is financed with a $16.4M CMBS loan at 4.92% that reached maturity on January 5, 2026, 9 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $16,353,297
- Original balance (same notes)
- $17,727,500
- Interest rate
- 4.92% fixed
- Originated
- December 24, 2015
- Maturity
- January 5, 2026
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- January 4, 2019
- Prepayment premium ends
- September 4, 2025 (yield maintenance)
- Master servicer
- Midland
- Originator
- AREF
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- Transferred December 22, 2025
- Workout strategy
- REO
- Modified
- Yes, most recently November 10, 2022
- Defeasance
- Partly defeased
The property
- Address
- 1805 Shea Center Drive, Highlands Ranch, CO 80129
- Metro
- Denver-Aurora-Centennial, CO
- Rentable area
- 121,306 sq ft
- Built
- 2002
- Largest tenants
- OnPoint Medical Group Holdings, LLC; Axia Energy II, LLC; Jet Infrastructure Holding IA LLC
- Value at securitization
- $27.1M (Apr 2017)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.99x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $2.2M | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2017-H1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Past maturity
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- The most recent valuation in the filing is $14.9M (March 11, 2026), against $27.1M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.4M | Non performing matured balloon | Yes | n/a | n/a |
| August 2026 | $16.4M | Non performing matured balloon | Yes | n/a | n/a |
| July 2026 | $16.4M | Non performing matured balloon | Yes | n/a | n/a |
| June 2026 | $16.4M | Non performing matured balloon | Yes | n/a | n/a |
| May 2026 | $16.4M | Non performing matured balloon | Yes | n/a | n/a |
| April 2026 | $16.4M | Non performing matured balloon | Yes | 0.92x | 72% |
| March 2026 | $16.4M | Non performing matured balloon | Yes | 0.92x | 72% |
| February 2026 | $16.4M | Non performing matured balloon | Yes | 0.92x | 72% |
| January 2026 | $16.4M | Non performing matured balloon | Yes | 0.92x | 72% |
| December 2025 | $16.4M | Current | No | 0.92x | 72% |
| November 2025 | $16.4M | Current | No | 0.88x | 69% |
| October 2025 | $16.4M | Current | No | 0.68x | 69% |
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.
Special-servicing history
- Transferred to the special servicer August 24, 2022, returned to the master servicer November 17, 2022.
- Transferred to the special servicer December 22, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-H1 | 25 | $16,353,297 | Sep 2026 | SEC filing, October 2, 2026 |
Other Denver-Aurora-Centennial loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hilton Denver Dual Brand Hotel | Denver, CO | Hotel | $54.6M | 3.882% | Dec 2026 | 2.41x | 80% | Current |
| West Point Office | Lakewood, CO | Office | $10.9M | 4.84% | Dec 2026 | 1.12x | 78% | Current |
| Gateway Plaza, Aurora | Aurora, CO | Retail | $5.7M | 4.73% | Nov 2026 | 2.09x | 94% | Current |
All loans maturing in 2026 · All Denver-Aurora-Centennial loans
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.