Standard & Poor's Ratings Services' rankings on C-III Asset Management LLC are ABOVE AVERAGE as a commercial
mortgage primary servicer and STRONG as a commercial mortgage special servicer. We recently affirmed our overall
rankings on C-III to reflect our view of the company's experienced staff, stable track record, effective systems and
technology and sound audit and controls. Our ranking also reflects prudent assets-per-asset manager ratios, strong
internal controls to address compliance and potential conflicts of interest, and efficient resolutions based on both
volumes and time.
Fitch Ratings has affirmed the commercial mortgage servicer ratings of C-III Asset Management LLC as follows:
--Primary servicer rating at 'CPS2';
--Special servicer rating affirmed at 'CSS1-'.
Morningstar Credit Ratings, LLC has affirmed its ‘MOR CS1’ ranking on C-III Asset Management LLC (C-III) as a commercial mortgage special servicer. The affirmed ranking and Stable forecast reflect our assessment of C-III’s operational infrastructure and portfolio administration capabilities as a special servicer.
NEW YORK, NY, August 30, 2011 — C-III Capital Partners LLC (C-III) announced today that it has acquired the commercial real estate special servicing and CDO management businesses of JER Partners (JER), a private real estate investment management company. JER is the named special servicer for $35.5 billion of commercial real estate loans, of which approximately $4 billion is currently in special servicing and under active management.
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