Tenant exposure
IKEA in CMBS
The trusts' filings name IKEA among the three largest tenants at properties securing 3 public CMBS loans with $56.0M outstanding. It is the largest tenant at 2 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 2200 Renaissance Boulevard | King of Prussia, PA | Office | $21.6M | 5.33% | Mar 2027 | 1.27x | 73% | Current |
| University Place | Huntsville, AL | Retail | $17.6M | 4.81% | May 2029 | 2.04x | 100% | Current |
| San Mar Plaza | San Marcos, TX | Retail | $16.8M | 4.725% | Oct 2027 | 2.18x | 100% | Current |
Where IKEA is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| 2200 Renaissance Boulevard | Apr 2029 | Mar 2027 | $21.6M |
| University Place | Feb 2036 | May 2029 | $17.6M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: IKEA; IKEA US. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.