Retail · The Woodlands, Texas
Woodlands Mall
Public CMBS trusts hold $247.6M of the loan on Woodlands Mall at 4.256% that reaches maturity on August 1, 2029, in 2 years and 9 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $247,600,000
- Original balance (same notes)
- $247,600,000
- Interest rate
- 4.256% fixed
- Originated
- July 5, 2019
- Maturity
- August 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 31, 2029
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, acting through its New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1201 Lake Woodslands Drive, The Woodlands, TX 77380
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 750,653 sq ft
- Built
- 1994
- Largest tenants
- Dick's Sporting Goods; Barnes & Noble Booksellers; Woodlands Financial Group, The
- Value at securitization
- $953.4M (Apr 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 4.04x | 4.02x |
| Occupancy | 96% | 84% |
| Net operating income (annualized from 3 months) | $43.1M | $43.6M |
| Debt yield | 17.6% |
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 GS Mortgage Securities Trust 2019-GC42 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Occupancy down 10 points or more from securitization
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
- Occupancy has fallen from 96% when the loan was securitized to 84%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $50.0M | Current | No | 4.02x | 84% |
| September 2026 | $247.6M | Current | No | 4.02x | 84% |
| August 2026 | $247.6M | Current | No | 4.02x | 84% |
| July 2026 | $247.6M | Current | No | 4.02x | 86% |
| June 2026 | $247.6M | Current | No | 2.47x | 98% |
| May 2026 | $247.6M | Late payment but less than 30 days delinquent | No | 2.31x | 98% |
| April 2026 | $247.6M | Current | No | 4.01x | 87% |
| March 2026 | $247.6M | Late payment but less than 30 days delinquent | No | 4.01x | 86% |
| February 2026 | $247.6M | Current | No | 4.01x | 86% |
| January 2026 | $247.6M | Current | No | 4.01x | 86% |
| December 2025 | $247.6M | Current | No | 4.02x | 86% |
| November 2025 | $247.6M | Current | No | 4.02x | 99% |
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 |
|---|---|---|---|---|
| BENCHMARK 2019-B12 MORTGAGE TRUST | 2 | $76,200,000 | Sep 2026 | SEC filing, September 30, 2026 |
| CD 2019-CD8 Mortgage Trust | 2 | $70,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| GS Mortgage Securities Trust 2019-GC42 | 6 | $50,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
| Benchmark 2019-B13 Mortgage Trust | 14 | $30,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| CF 2019-CF2 Mortgage Trust | 12 | $21,400,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Baybrook Mall | Friendswood, TX | Retail | $205.7M | 6.816% | Aug 2029 | 1.65x | 91% | Current |
| 9950 Woodloch | The Woodlands, TX | Office | $127.4M | 7.075% | Jul 2029 | n/a | n/a | Current |
| Cortland West Champions | Houston, TX | Multifamily | $78.4M | 5.893% | Oct 2029 | 1.64x | 91% | Current |
| Verde Apartments | Houston, TX | Multifamily | $78.0M | 6.79% | Dec 2029 | 1.13x | 81% | Current |
| Marqe Entertainment Center | Houston, TX | Retail | $70.0M | 7.27% | Apr 2029 | 1.61x | 99% | Current |
| Falls Houston Multifamily Portfolio | Houston, TX | Multifamily | $63.3M | 6.944% | Jul 2029 | 1.38x | 89% | With the special servicer and 90+ days delinquent |
| NOV Headquarters | Houston, TX | Office | $39.2M | 4.63% | Apr 2029 | 1.83x | 100% | Current |
| 8 West Centre | Houston, TX | Office | $38.3M | 3.888% | Nov 2029 | 1.43x | 85% | Current |
All loans maturing in 2029 · All Houston-Pasadena-The Woodlands loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.