Dollar Tree's acquisition of Family Dollar Stores for $8.5 billion means that the number 15th and number 65th tenants in commercial mortgage backed securities may soon occupy less commercial real estate.

The deal will merge the second (Dollar Tree) and third (Family Dollar) largest deep discount stores. To date, the companies have not discussed store closures. Based on Trepp data, there are 337 CMBS loans with Family Dollar exposure with a total balance $1.65 billion outstanding.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.