The long-expected leveling off of the U.S. CMBS delinquency rate has become a reality in August, according CMBS data provider Trepp.

In the last few months, Trepp had projected that its CMBS Delinquency Rate would hit a high point in the early to mid-summer and then decelerate in 2H12. That theory happened this month when the delinquency rate dropped precipitously.

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