Tenant exposure
Planet Fitness in CMBS
The trusts' filings name Planet Fitness among the three largest tenants at properties securing 64 public CMBS loans with $1.1B outstanding. It is the largest tenant at 21 of them. 1 of those loans (0.8% of the balance) is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ridgedale Center | Minnetonka, MN | Retail | $118.7M | 7.094% | Jun 2030 | 1.63x | 89% | Current |
| Shops at Marble Hill | Bronx, NY | Mixed use | $53.8M | 7.185% | Mar 2029 | 1.62x | 100% | Current |
| Leesburg Plaza | Leesburg, VA | Retail | $48.5M | 3.17% | Jan 2032 | n/a | n/a | Current |
| Normandy Center | Ellicott City, MD | Mixed use | $40.3M | 6.536% | Jan 2031 | n/a | n/a | Current |
| Encino Courtyard | Los Angeles, CA | Retail | $36.6M | 6.32% | Mar 2028 | 2.18x | 100% | Current |
| Hilltop Plaza | Bowie, MD | Retail | $35.2M | 4.295% | Jul 2027 | 1.72x | 95% | Current |
| Towers Shopping Center | Roanoke, VA | Retail | $35.0M | 6.57% | Jun 2029 | 1.68x | 86% | Current |
| Bakers Centre | Philadelphia, PA | Retail | $32.0M | 3.942% | Nov 2027 | 3.06x | 100% | Current |
| Town Center at Sterling | Sterling, VA | Retail | $31.2M | 3.86% | Nov 2029 | 2.22x | 100% | Current |
| Renaissance West | Las Vegas, NV | Retail | $29.5M | 6.24% | Sep 2029 | 1.94x | 96% | Current |
| Plaza Del Sol | Burbank, CA | Mixed use | $27.4M | 4.06% | Dec 2027 | 3.25x | 98% | Current |
| Dundalk Plaza | Baltimore, MD | Retail | $27.3M | 7.20% | Aug 2029 | 1.53x | 99% | Current |
| Lacey Market Square | Lacey, WA | Retail | $26.1M | 8.06% | Nov 2028 | 1.50x | 100% | Current |
| H-Mart Plaza | Little Ferry, NJ | Retail | $24.5M | 6.929% | Jun 2029 | 1.83x | 75% | Current |
| Ridgeview Plaza - MD | Hanover, MD | Retail | $23.4M | 3.21% | Jun 2031 | 2.10x | 100% | Current |
| Crystal Center | Crystal, MN | Retail | $19.1M | 4.90% | Aug 2028 | 2.56x | 97% | Current |
| Roseburg Valley Marketplace | Roseburg, OR | Retail | $17.5M | 3.514% | Feb 2030 | 2.07x | 91% | Current |
| Houma Shopping Center | Houma, LA | Retail | $17.0M | 7.55% | Dec 2029 | 1.54x | 98% | Current |
| University Square Shopping Center, Greeley | Greeley, CO | Retail | $16.5M | 3.13% | Sep 2031 | 2.81x | 80% | Current |
| Lakewood Forest Plaza | Houston, TX | Retail | $15.1M | 4.65% | May 2028 | 1.76x | 89% | Current |
| Tower Place | Charlotte, NC | Retail | $13.9M | 4.79% | Aug 2028 | 2.64x | 98% | Current |
| The Village Tulare | Tulare, CA | Retail | $13.5M | 7.02% | Jun 2029 | 1.76x | 97% | Current |
| Montague Corners | North Charleston, SC | Retail | $13.1M | 7.29% | Jul 2029 | 1.46x | 90% | Current |
| Arapahoe Village | Centennial, CO | Retail | $12.9M | 6.865% | Jun 2035 | n/a | n/a | Current |
| The Market at Lake Tapps | Bonney Lake, WA | Retail | $12.5M | 4.50% | Mar 2029 | 3.27x | 100% | Current |
| Shoppes at Foxmoor | Robbinsville, NJ | Retail | $12.5M | 5.256% | May 2032 | 1.81x | 91% | Current |
| College Square | Stockton, CA | Retail | $12.3M | 5.17% | Dec 2028 | n/a | n/a | Current |
| Larchmont Commons | Mount Laurel, NJ | Retail | $12.0M | 3.85% | Jan 2030 | n/a | n/a | Current |
| The Crossing | Matthews, NC | Mixed use | $12.0M | 6.41% | Jan 2031 | 1.90x | 96% | Current |
| Town Square Plaza, Gloucester Township | Gloucester Township, NJ | Retail | $12.0M | 7.047% | May 2036 | n/a | n/a | Current |
| Cannon West | Austin, TX | Retail | $11.7M | 6.462% | Aug 2035 | n/a | n/a | Current |
| Chatsworth Retail Portfolio | Los Angeles, CA | Retail | $11.7M | 6.26% | Apr 2033 | n/a | n/a | Current |
| Weslaco Shopping Center | Weslaco, TX | Retail | $11.7M | 5.53% | May 2028 | 1.92x | 100% | Current |
| Germantown Plaza | Germantown, TN | Retail | $11.6M | 3.70% | Mar 2030 | n/a | n/a | Current |
| Independence Park | Cranston, RI | Retail | $11.6M | 4.545% | Aug 2027 | 1.88x | 100% | Current |
| Shelby Corners | Utica, MI | Retail | $10.7M | 4.90% | Apr 2029 | 1.68x | 94% | Current |
| West Main Market Place | Turlock, CA | Mixed use | $10.6M | 5.77% | Oct 2028 | 1.71x | 95% | Current |
| Hampden Center | Mechanicsburg, PA | Retail | $10.6M | 4.65% | Feb 2029 | n/a | n/a | Current |
| Interstate Plaza | New Braunfels, TX | Retail | $10.4M | 4.81% | Jul 2028 | 1.77x | 100% | Current |
| Spring Park Plaza | Denham Springs, LA | Retail | $9.6M | 8.093% | Nov 2028 | 1.82x | 100% | Current |
| Sacramento Center | Alexandria, VA | Mixed use | $9.5M | 4.44% | Oct 2026 | 2.59x | 99% | Current |
| Alexander Hamilton Plaza | Paterson, NJ | Office | $9.3M | 5.10% | Jun 2027 | 2.03x | 93% | Current |
| Mountain Vista Plaza | Surprise, AZ | Office | $8.8M | 3.67% | Nov 2029 | 1.93x | 98% | Current |
| Baldwin Square Shopping Center | Fairhope, AL | Retail | $8.6M | 5.245% | Aug 2028 | 2.10x | 100% | Current |
| Crossroads Plaza | Adrian, MI | Retail | $8.4M | 6.90% | Aug 2034 | 1.78x | 74% | Current |
| Lake Hills Plaza | Eustis, FL | Retail | $8.2M | 5.40% | Jan 2029 | 0.21x | 77% | With the special servicer and 90+ days delinquent |
| 2241 Westchester Avenue | Bronx, NY | Retail | $8.0M | 6.937% | Jul 2034 | 1.26x | 100% | Current |
| Cedar Crest | Lebanon, TN | Retail | $8.0M | 5.10% | Jul 2029 | 1.78x | 73% | Current |
| Hill Road Plaza | Pickerington, OH | Retail | $7.8M | 7.52% | Mar 2029 | n/a | n/a | Current |
| Homewood Commons | Birmingham, AL | Retail | $7.7M | 4.558% | Dec 2027 | 1.78x | 76% | Current |
| Westgate Centre | Lakewood, CO | Retail | $7.6M | 4.45% | Jul 2027 | 2.14x | 84% | Current |
| Tustin Mayfair Plaza | Orange, CA | Retail | $7.5M | 4.51% | Nov 2027 | 3.10x | 97% | Current |
| Marketplace Center at Murfreesboro | Murfreesboro, TN | Retail | $7.5M | 5.21% | Oct 2028 | 1.80x | 73% | Current |
| Bay 528 Plaza | Webster, TX | Retail | $7.2M | 4.99% | Aug 2028 | 1.82x | 98% | Current |
| Music City Shopping Center | Goodlettsville, TN | Retail | $6.7M | 3.983% | Jan 2030 | 1.66x | 88% | Current |
| Old Kings Commons | Palm Coast, FL | Retail | $6.6M | 4.94% | May 2028 | 1.74x | 99% | Current |
| South Plaza Vista | Sierra Vista, AZ | Retail | $6.0M | 5.22% | Apr 2029 | 1.71x | 100% | Current |
| Liberty Square | Hinesville, GA | Retail | $5.9M | 5.44% | Dec 2028 | 1.57x | 93% | Current |
| Easley Town Center - Back Eastern Strip | Easley, SC | Retail | $5.9M | 4.69% | May 2027 | 1.56x | 95% | Current |
| Natchez Promenade | Natchez, MS | Retail | $5.4M | 8.005% | Dec 2033 | 1.35x | 97% | Current |
| Kings Automall Shopping Center | Cincinnati, OH | Retail | $5.1M | 4.04% | Aug 2031 | 2.80x | 98% | Current |
| Fulton Crossing | Corinth, MS | Retail | $5.0M | 4.15% | Nov 2031 | 3.44x | 78% | Current |
| Deer Park Marketplace | Deer Park, TX | Retail | $3.7M | 5.17% | Jul 2028 | 2.60x | 100% | Current |
| Eastgate Plaza, Meridian | Meridian, MS | Retail | $2.3M | 4.59% | Jan 2030 | 2.01x | 85% | Current |
Where Planet Fitness is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| Montague Corners | Mar 2027 | Jul 2029 | $13.1M |
| Deer Park Marketplace | May 2027 | Jul 2028 | $3.7M |
| Tower Place | Feb 2028 | Aug 2028 | $13.9M |
| 2241 Westchester Avenue | Apr 2028 | Jul 2034 | $8.0M |
| Music City Shopping Center | Apr 2028 | Jan 2030 | $6.7M |
| Mountain Vista Plaza | Aug 2028 | Nov 2029 | $8.8M |
| The Market at Lake Tapps | Jan 2029 | Mar 2029 | $12.5M |
| Larchmont Commons | May 2029 | Jan 2030 | $12.0M |
| Interstate Plaza | Dec 2030 | Jul 2028 | $10.4M |
| Kings Automall Shopping Center | Dec 2030 | Aug 2031 | $5.1M |
| Liberty Square | Apr 2031 | Dec 2028 | $5.9M |
| Shoppes at Foxmoor | Nov 2031 | May 2032 | $12.5M |
| Tustin Mayfair Plaza | Feb 2032 | Nov 2027 | $7.5M |
| Shelby Corners | Apr 2032 | Apr 2029 | $10.7M |
| Normandy Center | Jul 2032 | Jan 2031 | $40.3M |
| Arapahoe Village | Feb 2034 | Jun 2035 | $12.9M |
| South Plaza Vista | May 2034 | Apr 2029 | $6.0M |
| Lakewood Forest Plaza | Aug 2034 | May 2028 | $15.1M |
| The Crossing | Aug 2035 | Jan 2031 | $12.0M |
| Chatsworth Retail Portfolio | Dec 2036 | Apr 2033 | $11.7M |
| Sacramento Center | Jan 2037 | Oct 2026 | $9.5M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: PLANET FITNESS; Planet Fitness; Planet fitness. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.