Tenant exposure
Microsoft in CMBS
The trusts' filings name Microsoft among the three largest tenants at properties securing 5 public CMBS loans with $403.5M outstanding. It is the largest tenant at 3 of them. 2 of those loans (24.7% of the balance) are delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Memorial Drive | Cambridge, MA | Office | $158.2M | 2.692% | Oct 2031 | 0.92x | 42% | Current |
| Millennium Corporate Park | Redmond, WA | Office | $131.0M | 3.032% | Jan 2029 | 3.62x | 89% | Current |
| Bravern Office Commons | Bellevue, WA | Office | $75.0M | 3.203% | Jan 2027 | 3.54x | 100% | With the special servicer and 90+ days delinquent |
| 45 Liberty Boulevard | Malvern, PA | Office | $24.5M | 3.57% | Jan 2032 | 3.29x | 100% | With the special servicer and 90+ days delinquent |
| Santa Barbara Corporate Center | Goleta, CA | Office | $14.8M | 4.46% | May 2027 | 1.62x | 98% | Current |
Where Microsoft is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| Bravern Office Commons | Jun 2025 | Jan 2027 | $75.0M |
| Millennium Corporate Park | Apr 2028 | Jan 2029 | $131.0M |
| One Memorial Drive | Jun 2028 | Oct 2031 | $158.2M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: MICROSOFT CORP; MICROSOFT CORPORATION; Microsoft Corporation. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.