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I haven't seen anything company specific, it just seems the entire sector has been getting hammered. Short term the lack of liquidity in the credit markets has to be bad for this business model.As the TARP plan begins to be implemented it should help provide some liquidity and a price to some of the CMBS that JRT holds.Bought some more yesterday at 3.58 and am considering buying a bit more today.
This last move down was BRUTAL. Can anyone here check the yield on bbb- cmbs paper?