Tenant exposure
Nordstrom Rack in CMBS
The trusts' filings name Nordstrom Rack among the three largest tenants at properties securing 4 public CMBS loans with $202.2M 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 |
|---|---|---|---|---|---|---|---|---|
| Glendale Fashion Center | Glendale, CA | Retail | $100.0M | 6.518% | Jul 2031 | n/a | n/a | Current |
| Promenade Shops at Aventura | Aventura, FL | Retail | $59.2M | 4.669% | Feb 2028 | 1.47x | 99% | Current |
| Commons at Southtowne I | Sandy, UT | Retail | $25.5M | 4.622% | Jun 2028 | 2.30x | 100% | Current |
| Nordstrom Rack - Lincoln Park | Chicago, IL | Retail | $17.5M | 5.13% | Oct 2028 | 1.93x | 100% | Current |
Where Nordstrom Rack is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| Nordstrom Rack - Lincoln Park | Apr 2029 | Oct 2028 | $17.5M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: NORDSTROM RACK; Nordstrom Rack. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.