A Canadian CMBS transaction called Institutional Mortgage Securities Canada Inc., Series 2011-1. is in the market. The eight-tranche transaction is managed by TD Securities.

The private offering comprises 16 fixed-rate loans secured by 16 retail properties, according to a DBRS presale report. The pool, which benefits from strong, experienced sponsorship, is backed by underlying properties owned by either RioCan REIT or Calloway REIT.

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