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SitusAMC Named TOP CLO and CMBS Special Servicer for 2023 New Issuance

January 2024

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mediarelations@situsamc.com

New York, NY – (January, 24, 2024) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, added an incredible 25 new issuance CLO and CMBS assignments representing more than $9.6B. SitusAMC was named the leading special servicer of CRE CLOs in 2023 with 5 assignments representing $3.25B+ in UPB and a 48.8% market share. The 5 new issuance assignments led all other firms for the year. 

SitusAMC is a highly rated primary and special servicer, providing comprehensive asset management services across performing, non-performing, transition, and construction loans. The firm’s special servicing division has deep expertise with complex capital structures, bankruptcy, and REO management across all property types and geographies. SitusAMC supports various products including legacy CMBS/CMBS 2.0 deals, Single-Asset Single-Borrower (SASB) deals, CLO transactions, Freddie Mac securitizations, and was one of the first commercial SFR special servicers in the market. The team averages more than 20 years of experience in the space with senior leaders averaging 30+ years. 

2023 proved to be remarkable milestone for SitusAMC’s Special Servicing division. The success is driven by the firm’s status as a true, independent third-party provider, track record in managing complex deal structures, high-touch customer service, and partner-driven, responsive approach to identifying the optimal solution for all parties involved.  

“People want to work with firms they can depend on to consistently deliver the best results,” stated Curt Spaugh, Senior Director, Head of Special Servicing, SitusAMC. “We’re honored to be that trusted advisor to our clients, providing industry-leading, white-glove support that results in exceptional outcomes.” 

SitusAMC was also named the second-ranked servicer of CMBS issuance in 2023 with 16 assignments representing $11.4B+ in UPB and a 25% market share.

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About SitusAMC 

SitusAMC is the leading independent provider of innovative, trusted solutions that support the entire lifecycle of commercial and residential real estate finance, powering more efficient, effective, and agile businesses. For more information, visit www.situsamc.com

Press Contact: 

Andy Garrett 
Head of Marketing 
andygarrett@situsamc.com  

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SitusAMC Named TOP CLO and CMBS Special Servicer for 2023 New Issuance

New York, NY – (January, 24, 2024) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, added an incredible 25 new issuance CLO and CMBS assignments representing more than $9.6B. SitusAMC was named the leading special servicer of CRE CLOs in 2023 with 5 assignments representing $3.25B+ in UPB and a 48.8% market share. The 5 new issuance assignments led all other firms for the year. 

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