The Commercial Mortgage Securities Association (CMSA) said today that it has started developing a CMSA Investor Reporting Package (IRP) for European commercial real estate capital markets.

This move is a response to pressure from European CMBS buysiders for more reporting standardization. A release from CMSA quoted Mark Miller of Lennar Partners Europe  as saying, “The European CMBS market needs a standard that will allow investors to compare bonds across multiple transactions.” He added that Europe would benefit from the increased market efficiency and liquidity that the IRP has brought to American CMBS.

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