Tenant exposure
Bright Horizons in CMBS
The trusts' filings name Bright Horizons among the three largest tenants at properties securing 3 public CMBS loans with $136.4M outstanding. It is the largest tenant at 1 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 510 East 14th Street | New York, NY | Office | $85.0M | 2.92% | Dec 2029 | 4.66x | 96% | Current |
| 5 Giralda Farms | Madison, NJ | Office | $45.0M | 4.266% | Feb 2027 | 1.20x | 98% | Current |
| 529 West 29th Street | New York, NY | Mixed use | $6.4M | 6.95% | Jan 2030 | 1.51x | 100% | Current |
Where Bright Horizons is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| 529 West 29th Street | May 2030 | Jan 2030 | $6.4M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: Bright Horizon's Inc.; Bright Horizons. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.