KBRA Credit Profile Releases Research – Opportunity Zones: An Opportunity for CMBS?
NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA Credit Profile (KCP), a division of KBRA Analytics, releases research on CMBS exposure to opportunity zones.
Created under the Tax Cuts and Jobs Act of 2017, opportunity zones were designed to spur economic development and job creation in distressed U.S. communities. Commercial real estate properties in these areas should benefit as a result, with capital inflows leading to improvements in economic and social conditions. KCP, a division of KBRA Analytics, reviewed its coverage universe and identified 5,989 properties—$98.2 billion by allocated loan amount—securing 4,241 loans across 813 deals with exposure to one or more buildings in a qualified opportunity zone. Many opportunity zones retain economic assets that could serve as anchors for revitalization, including 6,300 prime growth businesses that are poised for future investment and expansion. Furthermore, such loans may be of interest to investors seeking environmental, social, and governance (ESG)-related data points on their investment portfolios. To that end, an opportunity zone indicator is now available within our ESG supplemental reports.
Click here to view the report and visit kcp.kbra.com for more information about KCP’s ESG data offering, which includes both environmental and social metrics.
Related Publications
About KBRA Credit Profile
KBRA Credit Profile (KCP) is a research service and nothing herein or otherwise provided by KCP shall be construed as a rating. Any rating opinions, analysis, projections, observations, data or other items constituting part of any information provided or distributed by KCP or KBRA are and must be construed solely as statements of opinion and not statements of fact.
About KBRA Analytics
KBRA Analytics, LLC (KBRA Analytics) is our premier product platform for high quality data and advanced analytics. Our seasoned teams of industry specialists across each product provide unparalleled insight creating a foundation of deeper analysis and rapid discovery for users. KBRA Analytics is an affiliate of Kroll Bond Rating Agency, LLC (KBRA). KBRA is a full-service credit rating agency registered in the U.S., designated to provide structured finance ratings in Canada, and with credit rating affiliates registered in the EU and UK.
Contacts
Laura Shannon, Managing Director
+1 (215) 882-5860
laura.shannon@kbra.com
Mike Brotschol, Managing Director
+1 (215) 882-5853
mike.brotschol@kbra.com
Sales Contact
Marc Iadonisi, Senior Sales Director
+1 (215) 882-5877
marc.iadonisi@kbra.com