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AI Data Center Boom Is Changing CMBS Risks

Source: Bloomberg

Credit & Bond MarketsHousing & Real EstateTechnology & InnovationCompany Fundamentals

A surge in data-center financings is reshaping the commercial mortgage-backed securities market, historically a key funding source for offices, apartments and malls. The shift changes CMBS collateral composition and introduces new underwriting, concentration and asset-specific risks for investors.

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