European Property CDOs are Mas Macho

Commercial real estate collateralised debt obligations (CRE CDOs) pool groups of whole property loans, or riskier junior portions of these loans, with the more junior slices of commercial mortgage-backed securities and other real estate company debts. Intense stuff that only the most macho of all real estate investors should fathom contemplating as the first handful of these complex structured debt vehicles backed by different exposures to commercial real estate will be become available.