UBS and Citigroup are planning to sell a $674 million CMBS expected to close before the year's end, according to a Bloomberg report.

The deal, which is being rated by Moody's Investors Service and DBRS, will offer four tranches of triple-A rated notes, with average life maturities of 2.6-year, 4.67-year, 9.68-year and 7.2-year. The deal is backed by 32 mortgage loans on 38 properties throughout the U.S., according to the report.

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