NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) released a report summarizing trends in KBRA values to third party appraisals, as well as KLTVs and credit enhancements. The KBRA value variance to appraisal has trended upward across our rated universe since we began rating conduits in 2Q 2012 as property prices have increased over the same period. The average variance across our rated transactions now stands at 34.8%, and is the highest for lodging assets located in primary markets at
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