With more than $3 billion of commercial mortgage-backed securities paper fully absorbed by the market over the last two weeks, and four deals neatly circled and priced, it is safe to say that CMBS currently appears robust.

But with remarkably similar-looking collateral for the latest spurt in issuance - and a handful of issuers who are trying to establish names for themselves during a time of low origination - observers predict that CMBS pools will become smaller as firms work separately and as investors increasingly pick and choose from identical-looking deals.

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.