Connect CRE reports the action covers the nonprofit's issuer credit rating and outstanding long-term debt.
S&P Global Ratings upgraded BRIDGE Housing's issuer credit rating and the long-term rating on its outstanding debt to AA from AA-, according to a Connect CRE report published Oct. 9.
Connect CRE describes AA as the highest rating assigned to a nonprofit housing provider.
S&P cited "extremely strong" management, financial performance and debt profile in raising the ratings, the report says.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections
Marcus & Millichap's report shows 3.3 million square feet absorbed in a year and asking rents up 5.1%, with Northern Virginia leading the improvement.
The 48th Emerging Trends in Real Estate report tracks eight trends and says operators must adapt to higher rates.
S&P data cited by Commercial Observer put the average 2025 loan at $1.2 billion; first-half 2026 CMBS hit $4.9 billion, CBRE says.
The bank also provided $57 million of low-income housing tax credit equity for the 119-unit East Oakland project.
The $242 million CMBS loan has been in default for more than two years and a June appraisal valued the building at $270 million.
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