Ellington Management Group, Saba Capital Management and a fund of MatlinPatterson are among investors considering purchases of so-called B-pieces of newly issued commercial property bonds, according to people familiar with the three firms’ plans who asked not to be identified because the information is private.
Investors cash in on CMBS market
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NAR settlement terms slated to go into effect in mid-August
In a letter to members on Friday, NAR chief legal officer Katie Johnson outlined the policy changes that are coming into effect in August.