“There are investors out there who want to buy securitization product but are not entering the market for credit or fundamental reasons,” says Damian Thompson, head of real estate finance securitization at RBS in London. “There is cash out there and investors want to put it to work.”
Vesteda II, a tap issuance, was the kind of deal investors have been seeking. The issuer is established in the CMBS market, has a solid track record, is transparent and deals in quality assets.
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