CMBS Deals with AI Exposure

Discover commercial mortgage-backed securities (CMBS) deals with exposure to the AI industry, either through data centers or major AI office tenants. Find curated listings to inform your investment decisions.
2025-01-10

Overview

The intersection of real estate and AI is transforming the commercial mortgage-backed securities (CMBS) landscape. This page highlights CMBS deals featuring collateral pools that include data centers or office tenants recognized as leaders in the AI industry. Using a metadata-first approach, this curated list surfaces intriguing opportunities for exploration, providing a starting point to identify potential trends and market dynamics.

While the methodology is based on publicly available data and is not exhaustive, it offers valuable insights for both human analysis and AI-driven investment strategies. Explore these listings to uncover new perspectives, assess opportunities, and refine your approach to navigating the evolving CMBS market.

AI Exposure Overview

Overview of CMBS deals with exposure to AI-related tenants and properties, including tech giants, data centers, cloud providers, and semiconductor manufacturers. This analysis identifies 203 unique deals across 5 categories of AI exposure.
Total AI-Exposed Deals256
Unique AI-Exposed Deals203
AI Exposure Categories5
Largest CategoryTech Giant (152 deals)
Smallest CategoryChip Manufacturers (8 deals)
Average Deals per Category51
Last UpdatedMar 15, 2026

AI-Exposed Deals

Explore the complete list of CMBS deals with AI exposure. Use the filters below to search and sort deals by various criteria.
AI Exposure Categories:

Tech Giant
Google, Microsoft, Apple, Amazon or Meta listed as tenants.
Data Center
At least one Data Center included in the collateral pool.
Cloud and SaaS
IBM, Oracle, Salesforce, or Snowflake listed as tenants.
Software Leaders
Tesla or Palantir listed as tenants.
Chip Manufacturers
NVIDIA, Intel, Broadcomm, Qualcomm or TSMC listed as tenants.
Category:
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Showing 203 of 203 deals
Deal NameAI Exposure CategoriesVintageIssuance DateCurrent Balance
BACM 2017-BNK3
Tech Giant
2017Jan 26, 2017$838,930,072
BANK 2017-BNK4
Tech Giant
2017Mar 29, 2017$837,777,238
BANK 2017-BNK6
Chip Manufacturers
Tech Giant
2017Jul 10, 2017$736,959,652
BANK 2017-BNK7
Tech Giant
Data Center
2017Sep 13, 2017$1,049,419,525
BANK 2018-BNK10
Tech Giant
2018Jan 23, 2018$1,147,450,304
BANK 2018-BNK11
Tech Giant
2018Apr 5, 2018$645,773,832
BANK 2018-BNK12
Tech Giant
2018May 10, 2018$741,035,057
BANK 2018-BNK13
Tech Giant
2018Jul 18, 2018$730,623,843
BANK 2018-BNK14
Data Center
2018Sep 13, 2018$1,218,120,032
BANK 2018-BNK15
Tech Giant
Data Center
2018Nov 7, 2018$932,817,795
BANK 2019-BNK16
Data Center
2019Jan 29, 2019$878,192,075
BANK 2019-BNK19
Tech Giant
Software Leaders
2019Jul 17, 2019$1,222,600,940
BANK 2019-BNK20
Tech Giant
2019Sep 10, 2019$1,125,463,018
BANK 2019-BNK21
Tech Giant
Data Center
2019Sep 24, 2019$1,079,152,332
BANK 2019-BNK23
Tech Giant
2019Nov 18, 2019$1,263,660,187
BANK 2019-BNK24
Tech Giant
2019Dec 5, 2019$1,198,690,024
BANK 2020-BNK25
Tech Giant
Data Center
2020Jan 22, 2020$1,558,245,855
BANK 2020-BNK27
Tech Giant
2020Jun 15, 2020$614,574,548
BANK 2020-BNK28
Tech Giant
2020Sep 30, 2020$697,059,316
BANK 2020-BNK30
Tech Giant
2020Dec 8, 2020$883,044,431
BANK 2021-BNK31
Tech Giant
2021Jan 25, 2021$874,259,497
BANK 2021-BNK32
Data Center
Tech Giant
2021Mar 10, 2021$895,703,503
BANK 2021-BNK33
Tech Giant
Data Center
2021May 4, 2021$986,447,095
BANK 2021-BNK34
Tech Giant
Data Center
2021Jun 9, 2021$958,696,888
BANK 2021-BNK36
Tech Giant
2021Oct 7, 2021$1,244,809,750
BANK 2021-BNK38
Tech Giant
2021Dec 7, 2021$661,702,460
BANK 2022-BNK41
Data Center
Tech Giant
2022Apr 18, 2022$1,160,263,144
BANK 2022-BNK43
Software Leaders
2022Aug 2, 2022$1,077,517,349
BANK 2022-BNK44
Data Center
2022Nov 3, 2022$1,017,275,185
BANK 2023-BNK46
Data Center
2023Jul 28, 2023$719,077,007
BANK 2024-BNK47
Cloud and SaaS
2024Jun 13, 2024$1,080,319,261
BANK 2024-BNK48
Tech Giant
2024Sep 24, 2024$1,111,986,954
BANK5 2023-5YR4
Chip Manufacturers
2023Nov 27, 2023$674,123,334
BANK5 2024-5YR10
Tech Giant
2024Sep 26, 2024$835,635,089
BANK5 2024-5YR5
Chip Manufacturers
2024Jan 25, 2024$468,600,000
BANK5 2024-5YR9
Tech Giant
2024Aug 14, 2024$907,421,747
BANK5 2025-5YR16
Tech Giant
2025Aug 13, 2025$655,579,589
BANK5 2025-5YR18
Software Leaders
Tech Giant
2025Nov 13, 2025$709,632,740
BBCMS 2017-C1
Tech Giant
Data Center
2017Feb 10, 2017$686,314,564
BBCMS 2018-C2
Tech Giant
2018Nov 20, 2018$831,943,487
BBCMS 2019-C3
Tech Giant
2019Jun 10, 2019$879,288,862
BBCMS 2019-C4
Tech Giant
2019Aug 5, 2019$848,114,273
BBCMS 2019-C5
Data Center
Tech Giant
2019Oct 30, 2019$866,128,152
BBCMS 2020-C6
Data Center
2020Jan 27, 2020$857,621,166
BBCMS 2020-C7
Tech Giant
2020Jun 9, 2020$778,600,378
BBCMS 2020-C8
Tech Giant
2020Oct 6, 2020$669,330,419
BBCMS 2021-C12
Data Center
2021Nov 8, 2021$1,049,035,713
BBCMS 2022-C14
Tech Giant
2022Jan 25, 2022$897,565,581
BBCMS 2022-C15
Tech Giant
2022Mar 18, 2022$1,017,331,553
BBCMS 2022-C16
Tech Giant
2022Jun 1, 2022$1,072,064,151
BBCMS 2022-C17
Tech Giant
2022Aug 11, 2022$899,616,890
BBCMS 2022-C18
Data Center
Tech Giant
2022Nov 15, 2022$787,524,694
BBCMS 2023-C19
Data Center
Tech Giant
2023Apr 5, 2023$787,351,420
BBCMS 2023-C20
Tech Giant
Data Center
Cloud and SaaS
2023Jun 15, 2023$817,252,694
BBCMS 2023-C22
Data Center
2023Oct 16, 2023$686,488,148
BBCMS 2024-5C25
Software Leaders
2024Mar 12, 2024$886,264,736
BBCMS 2024-5C31
Tech Giant
2024Nov 29, 2024$872,346,576
BBCMS 2025-5C33
Data Center
2025Feb 25, 2025$891,747,611
BBCMS 2025-5C36
Tech Giant
2025Jul 15, 2025$613,276,737
BBCMS 2025-5C37
Tech Giant
2025Sep 2, 2025$741,416,001
BBCMS 2025-C32
Tech Giant
2025Jan 28, 2025$998,654,523
BBCMS 2025-C35
Tech Giant
2025Jul 7, 2025$794,561,698
BBCMS 2025-C39
Tech Giant
2025Dec 3, 2025$806,259,166
BBCMS 2026-5C40
Software Leaders
Tech Giant
2026Jan 16, 2026$834,380,978
BMARK 2018-B2
Tech Giant
2018Feb 6, 2018$1,062,442,936
BMARK 2018-B4
Tech Giant
Chip Manufacturers
2018Jun 22, 2018$992,743,967
BMARK 2018-B5
Tech Giant
2018Jul 24, 2018$929,359,100
BMARK 2018-B6
Data Center
Tech Giant
2018Sep 17, 2018$1,038,734,162
BMARK 2018-B7
Tech Giant
2018Nov 28, 2018$1,065,640,866
BMARK 2018-B8
Tech Giant
2018Dec 4, 2018$936,123,420
BMARK 2019-B11
Tech Giant
2019May 16, 2019$947,928,367
BMARK 2019-B14
Tech Giant
2019Nov 14, 2019$1,156,851,347
BMARK 2019-B15
Tech Giant
Data Center
2019Nov 20, 2019$792,212,170
BMARK 2019-B9
Data Center
2019Jan 28, 2019$805,324,818
BMARK 2020-B17
Tech Giant
2020Feb 27, 2020$796,960,277
BMARK 2020-B18
Tech Giant
2020Jul 20, 2020$761,274,294
BMARK 2020-B19
Tech Giant
2020Sep 30, 2020$969,032,545
BMARK 2020-B20
Software Leaders
Tech Giant
2020Oct 30, 2020$799,573,462
BMARK 2020-B21
Tech Giant
Data Center
2020Nov 17, 2020$1,031,187,156
BMARK 2020-B22
Tech Giant
2020Dec 15, 2020$800,398,194
BMARK 2021-B23
Tech Giant
Data Center
Software Leaders
2021Jan 26, 2021$1,501,422,726
BMARK 2021-B24
Tech Giant
Software Leaders
Data Center
2021Mar 1, 2021$1,147,053,252
BMARK 2021-B25
Data Center
Tech Giant
2021Apr 12, 2021$1,185,459,069
BMARK 2021-B26
Software Leaders
Cloud and SaaS
Tech Giant
2021May 10, 2021$957,645,942
BMARK 2021-B27
Tech Giant
Data Center
2021Jul 14, 2021$1,062,323,511
BMARK 2021-B28
Tech Giant
2021Jul 28, 2021$1,333,780,582
BMARK 2021-B30
Tech Giant
2021Oct 25, 2021$936,753,702
BMARK 2021-B31
Tech Giant
2021Dec 3, 2021$1,479,543,205
BMARK 2022-B32
Tech Giant
Data Center
2022Jan 24, 2022$1,762,800,313
BMARK 2022-B34
Data Center
Tech Giant
2022Mar 24, 2022$895,343,273
BMARK 2022-B35
Tech Giant
Data Center
2022Apr 25, 2022$1,115,796,316
BMARK 2023-V4
Data Center
2023Nov 14, 2023$626,326,856
BMARK 2024-V10
Tech Giant
2024Sep 16, 2024$737,913,556
BMARK 2024-V12
Tech Giant
2024Dec 12, 2024$752,146,351
BMARK 2024-V7
Cloud and SaaS
2024May 16, 2024$821,863,248
BMARK 2024-V8
Software Leaders
2024Jun 24, 2024$1,005,162,394
BMARK 2025-B41
Tech Giant
2025Aug 19, 2025$630,476,355
BMARK 2025-V13
Data Center
2025Feb 4, 2025$767,380,000
BMARK 2025-V14
Data Center
2025Mar 17, 2025$938,936,538
BMARK 2025-V15
Cloud and SaaS
2025May 23, 2025$732,883,914
BMARK 2025-V16
Tech Giant
2025Jul 17, 2025$624,608,409
BMARK 2025-V17
Tech Giant
2025Sep 8, 2025$628,998,000
BMARK 2025-V19
Tech Giant
2025Dec 3, 2025$588,699,194
BMARK 2026-V20
Tech Giant
2026Jan 26, 2026$886,862,441
BMO 2022-C2
Tech Giant
2022Jun 22, 2022$698,004,691
BMO 2022-C3
Tech Giant
2022Sep 14, 2022$720,605,108
BMO 2023-C7
Data Center
2023Dec 22, 2023$732,161,502
BMO 2024-5C4
Cloud and SaaS
2024Apr 19, 2024$861,361,475
BMO 2024-5C5
Cloud and SaaS
2024Jul 25, 2024$1,014,699,511
BMO 2024-5C6
Tech Giant
2024Sep 5, 2024$674,864,498
BMO 2024-5C7
Software Leaders
2024Oct 11, 2024$959,230,365
BMO 2024-C9
Tech Giant
Cloud and SaaS
2024Jun 24, 2024$941,941,883
BMO 2025-5C10
Cloud and SaaS
2025Jun 16, 2025$627,919,608
BMO 2025-5C12
Tech Giant
2025Sep 15, 2025$638,152,403
BMO 2025-5C9
Software Leaders
2025Mar 13, 2025$681,529,482
BMO 2025-C11
Tech Giant
2025Feb 10, 2025$904,391,453
BMO 2025-C13
Tech Giant
2025Sep 22, 2025$814,077,062
CD 2017-CD3
Tech Giant
Data Center
2017Feb 14, 2017$1,009,901,064
CD 2017-CD4
Tech Giant
2017May 12, 2017$688,661,467
CD 2017-CD6
Tech Giant
2017Nov 30, 2017$793,638,857
CD 2019-CD8
Tech Giant
2019Aug 22, 2019$778,926,524
CF 2019-CF1
Tech Giant
2019Apr 11, 2019$734,153,480
CFCRE 2016-C6
Data Center
2016N/AN/A
CFCRE 2016-C7
Tech Giant
2016Nov 30, 2016$567,417,351
CFCRE 2017-C8
Tech Giant
2017May 8, 2017$494,267,029
CGCMT 2016-GC36
Data Center
2016N/AN/A
CGCMT 2017-P7
Tech Giant
2017Apr 13, 2017$786,458,919
CGCMT 2018-C6
Tech Giant
2018Nov 13, 2018$680,301,101
CGCMT 2019-C7
Cloud and SaaS
2019Dec 6, 2019$1,160,237,445
CGCMT 2019-GC41
Data Center
Tech Giant
2019Aug 20, 2019$1,172,617,851
CGCMT 2020-GC46
Cloud and SaaS
Tech Giant
2020Feb 7, 2020$1,136,428,345
CGCMT 2022-GC48
Data Center
2022Jun 1, 2022$630,110,126
COMM 2018-COR3
Tech Giant
2018May 1, 2018$973,357,660
CSAIL 2017-C8
Data Center
Tech Giant
Chip Manufacturers
2017Jun 15, 2017$655,700,583
CSAIL 2017-CX10
Software Leaders
Tech Giant
2017Jan 2, 2018$700,365,243
CSAIL 2018-C14
Data Center
2018Nov 13, 2018$636,955,659
CSAIL 2018-CX11
Tech Giant
Data Center
2018Mar 22, 2018$718,819,303
CSAIL 2019-C15
Data Center
2019Feb 15, 2019$739,585,437
CSAIL 2019-C16
Data Center
2019Jun 11, 2019$740,350,342
CSAIL 2019-C18
Tech Giant
2019Nov 13, 2019$601,158,939
DBGS 2018-C1
Tech Giant
2018Oct 30, 2018$960,437,980
DBJPM 2017-C6
Tech Giant
2017Jun 7, 2017$756,831,247
DBJPM 2020-C9
Tech Giant
2020Aug 17, 2020$519,893,623
FIVE 2023-V1
Software Leaders
2023Feb 6, 2023$620,739,568
GSMS 2012-GCJ7
Data Center
2012N/AN/A
GSMS 2017-GS7
Tech Giant
2017Aug 24, 2017$986,607,529
GSMS 2018-GS9
Tech Giant
2018Mar 29, 2018$820,391,207
GSMS 2019-GC39
Data Center
Tech Giant
2019May 6, 2019$632,738,491
GSMS 2019-GC40
Tech Giant
2019Jun 20, 2019$713,603,234
GSMS 2019-GC42
Tech Giant
Data Center
2019Sep 10, 2019$961,921,231
GSMS 2020-GC47
Tech Giant
2020May 4, 2020$766,553,424
JPMBB 2014-C25
Data Center
2014N/AN/A
JPMBB 2016-C1
Data Center
2016N/AN/A
JPMCC 2016-JP2
Data Center
2016N/AN/A
JPMCC 2016-JP3
Data Center
2016N/AN/A
JPMCC 2016-JP4
Tech Giant
2016Dec 21, 2016$780,400,030
JPMCC 2017-JP5
Tech Giant
2017Mar 1, 2017$751,288,461
JPMCC 2017-JP6
Tech Giant
2017May 19, 2017$553,200,574
JPMCC 2017-JP7
Data Center
Tech Giant
Chip Manufacturers
2017Jul 14, 2017$590,004,108
JPMDB 2017-C5
Tech Giant
2017Mar 13, 2017$747,804,346
JPMDB 2017-C7
Tech Giant
2017Oct 31, 2017$885,640,190
JPMDB 2018-C8
Chip Manufacturers
2018May 18, 2018$513,271,749
JPMDB 2019-COR6
Tech Giant
2019Nov 7, 2019$766,214,601
JPMDB 2020-COR7
Tech Giant
2020Jun 23, 2020$638,439,435
MSBAM 2016-C32
Software Leaders
2016Nov 29, 2016$806,246,314
MSBAM 2025-5C2
Tech Giant
2025Oct 21, 2025$713,549,500
MSC 2017-HR2
Tech Giant
Software Leaders
2017Dec 6, 2017$794,365,441
MSC 2018-H3
Tech Giant
2018Jun 18, 2018$765,586,434
MSC 2018-H4
Tech Giant
2018Dec 26, 2018$716,938,489
MSC 2018-L1
Tech Giant
2018Oct 4, 2018$818,607,880
MSC 2019-L2
Data Center
2019Feb 20, 2019$862,732,855
MSC 2019-L3
Tech Giant
2019Nov 4, 2019$961,604,691
MSC 2020-HR8
Tech Giant
2020Jul 20, 2020$630,416,488
MSC 2022-L8
Tech Giant
2022Mar 18, 2022$678,265,817
MSWF 2023-2
Data Center
2023Dec 4, 2023$897,738,151
UBSCM 2017-C1
Tech Giant
2017May 22, 2017$645,718,054
UBSCM 2017-C5
Tech Giant
2017Oct 27, 2017$486,999,393
UBSCM 2018-C11
Tech Giant
Data Center
2018Jun 18, 2018$598,754,164
UBSCM 2019-C16
Tech Giant
2019Mar 20, 2019$577,810,279
UBSCM 2019-C17
Tech Giant
Data Center
2019Sep 20, 2019$753,417,767
UBSCM 2019-C18
Tech Giant
2019Dec 4, 2019$694,181,414
WFCM 2014-LC18
Data Center
2014N/AN/A
WFCM 2017-C38
Tech Giant
Chip Manufacturers
2017Jun 21, 2017$975,576,430
WFCM 2017-C42
Tech Giant
2017Dec 6, 2017$637,590,215
WFCM 2017-RB1
Tech Giant
Data Center
2017Mar 15, 2017$514,944,915
WFCM 2017-RC1
Data Center
2017Feb 22, 2017$422,179,011
WFCM 2018-C43
Tech Giant
2018Mar 6, 2018$606,614,296
WFCM 2018-C44
Tech Giant
2018May 17, 2018$681,724,452
WFCM 2018-C45
Tech Giant
2018Jun 20, 2018$581,733,179
WFCM 2018-C46
Tech Giant
2018Aug 7, 2018$538,615,652
WFCM 2018-C48
Data Center
2018Dec 20, 2018$720,615,622
WFCM 2019-C51
Tech Giant
2019Jun 17, 2019$638,498,417
WFCM 2019-C52
Tech Giant
2019Aug 20, 2019$760,446,238
WFCM 2019-C53
Data Center
Tech Giant
2019Oct 15, 2019$622,454,768
WFCM 2019-C54
Data Center
2019Dec 3, 2019$619,180,046
WFCM 2020-C58
Tech Giant
2020Nov 30, 2020$655,248,111
WFCM 2021-C59
Data Center
Tech Giant
2021Apr 19, 2021$804,053,051
WFCM 2021-C60
Data Center
2021Jul 12, 2021$723,368,233
WFCM 2022-C62
Tech Giant
2022Mar 28, 2022$521,770,260
WFCM 2024-5C1
Software Leaders
2024Jul 8, 2024$727,759,512
WFCM 2024-5C2
Tech Giant
2024Nov 12, 2024$719,257,071
WFRBS 2014-C21
Data Center
2014N/AN/A
WFRBS 2014-C25
Data Center
2014N/AN/A
* AI exposure categories are based on tenant analysis from deal documentation.
* Data sourced from Edgar SEC.gov and deal prospectuses.
* For full disclosures, please visit our disclosures page.

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