Lehman Brothers leapt to the top of the league tables for year-to-date commercial mortgage-backed securities book managers for the first half of 2000, boosted by a successful partnering with UBS Warburg that spawned two large deals which were well received by the market.
With more than $2.58 billion in proceeds and 20.1% of the market share, Lehman crept into the top-three slot for year-to-date CMBS book managers, despite its absence from the top-three positions during the first quarter, according to Thomson Financial Securities Data (TFSD). Morgan Stanley Dean Witter ranked second for year-to-date book managing, with $2.52 billion in proceeds and 10.7% of market share. During the same period of time in 1999, MSDW came in first. Finally, J.P. Morgan & Co. ranked No. 3 for the first half of 2000, with $1.37 billion in proceeds. For the same period of time last year, J.P. Morgan ranked No. 10.