1,122 deals

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 192 unique deals across 5 categories of AI exposure.
Total AI-Exposed Deals242Unique AI-Exposed Deals192AI Exposure Categories5Largest CategoryTech Giant (138 deals)Smallest CategoryCloud and SaaS (11 deals)Average Deals per Category48Last UpdatedJul 24, 2025

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 192 of 192 deals
Deal NameAI Exposure CategoriesVintageIssuance DateCurrent Balance
BACM 2017-BNK3
Tech Giant
2017Jan 26, 2017$856,813,667
BANK 2017-BNK4
Tech Giant
2017Mar 29, 2017$845,047,071
BANK 2017-BNK6
Chip Manufacturers
Tech Giant
2017Jul 10, 2017$746,986,159
BANK 2017-BNK7
Tech Giant
Data Center
2017Sep 13, 2017$1,014,787,547
BANK 2018-BNK10
Tech Giant
2018Jan 23, 2018$1,154,906,863
BANK 2018-BNK11
Tech Giant
2018Apr 5, 2018$649,806,299
BANK 2018-BNK12
Tech Giant
2018May 10, 2018$829,245,385
BANK 2018-BNK13
Tech Giant
2018Jul 18, 2018$803,077,562
BANK 2018-BNK14
Data Center
2018Sep 13, 2018$1,227,582,376
BANK 2018-BNK15
Tech Giant
Data Center
2018Nov 7, 2018$937,672,498
BANK 2019-BNK16
Data Center
2019Jan 29, 2019$905,347,086
BANK 2019-BNK19
Tech Giant
Software Leaders
2019Jul 17, 2019$1,269,940,842
BANK 2019-BNK20
Tech Giant
2019Sep 10, 2019$1,132,137,667
BANK 2019-BNK21
Tech Giant
Data Center
2019Sep 24, 2019$1,105,052,598
BANK 2019-BNK22
Tech Giant
2019Oct 22, 2019$1,082,426,560
BANK 2019-BNK23
Tech Giant
2019Nov 18, 2019$1,257,215,587
BANK 2019-BNK24
Tech Giant
2019Dec 5, 2019$1,202,747,218
BANK 2020-BNK25
Data Center
Tech Giant
2020Jan 22, 2020$1,561,537,120
BANK 2020-BNK26
Tech Giant
2020Mar 12, 2020$1,149,006,242
BANK 2020-BNK27
Tech Giant
2020Jun 15, 2020$615,196,374
BANK 2020-BNK28
Tech Giant
2020Sep 30, 2020$699,943,014
BANK 2020-BNK30
Tech Giant
2020Dec 8, 2020$892,780,444
BANK 2021-BNK32
Tech Giant
Data Center
2021Mar 10, 2021$897,396,103
BANK 2021-BNK33
Data Center
2021May 4, 2021$996,650,976
BANK 2021-BNK34
Tech Giant
Data Center
2021Jun 9, 2021$958,994,688
BANK 2021-BNK36
Tech Giant
2021Oct 7, 2021$1,251,591,349
BANK 2021-BNK38
Tech Giant
2021Dec 7, 2021$661,920,219
BANK 2022-BNK41
Tech Giant
Data Center
2022Apr 18, 2022$1,162,539,237
BANK 2022-BNK42
Chip Manufacturers
2022May 17, 2022$757,730,647
BANK 2022-BNK43
Software Leaders
2022Aug 2, 2022$1,043,884,432
BANK 2022-BNK44
Data Center
2022Nov 3, 2022$1,019,437,192
BANK 2023-BNK46
Data Center
2023Jul 28, 2023$691,954,342
BANK 2024-BNK47
Cloud and SaaS
2024Jun 13, 2024$1,081,000,490
BANK 2024-BNK48
Tech Giant
2024Sep 24, 2024$1,113,297,835
BANK5 2023-5YR4
Chip Manufacturers
2023Nov 27, 2023$674,123,334
BANK5 2024-5YR10
Tech Giant
2024Sep 26, 2024$836,737,940
BANK5 2024-5YR5
Chip Manufacturers
2024Jan 25, 2024$468,600,000
BANK5 2024-5YR9
Tech Giant
2024Aug 14, 2024$908,663,217
BBCMS 2017-C1
Tech Giant
Data Center
2017Feb 10, 2017$687,966,956
BBCMS 2018-C2
Tech Giant
2018Nov 20, 2018$862,814,937
BBCMS 2019-C3
Tech Giant
2019Jun 10, 2019$893,144,671
BBCMS 2019-C4
Tech Giant
2019Aug 5, 2019$855,934,253
BBCMS 2019-C5
Tech Giant
Data Center
2019Oct 30, 2019$908,603,566
BBCMS 2020-C6
Data Center
2020Jan 27, 2020$861,575,951
BBCMS 2020-C7
Tech Giant
2020Jun 9, 2020$783,166,193
BBCMS 2020-C8
Tech Giant
2020Oct 6, 2020$682,179,125
BBCMS 2021-C12
Data Center
2021Nov 8, 2021$1,060,593,476
BBCMS 2022-C14
Tech Giant
2022Jan 25, 2022$903,574,386
BBCMS 2022-C15
Tech Giant
2022Mar 18, 2022$1,019,668,332
BBCMS 2022-C16
Tech Giant
2022Jun 1, 2022$1,074,528,910
BBCMS 2022-C17
Tech Giant
2022Aug 11, 2022$901,126,333
BBCMS 2022-C18
Tech Giant
Data Center
2022Nov 15, 2022$802,571,837
BBCMS 2023-C19
Tech Giant
Data Center
2023Apr 5, 2023$847,351,429
BBCMS 2023-C20
Cloud and SaaS
Data Center
Tech Giant
2023Jun 15, 2023$817,891,386
BBCMS 2023-C22
Data Center
2023Oct 16, 2023$686,778,246
BBCMS 2024-5C25
Software Leaders
2024Mar 12, 2024$886,308,370
BBCMS 2024-5C31
Tech Giant
2024Nov 29, 2024$872,430,212
BBCMS 2025-5C33
Data Center
2025Feb 25, 2025$892,193,013
BBCMS 2025-5C36
Tech Giant
2025Jul 15, 2025$613,468,550
BBCMS 2025-C32
Tech Giant
2025Jan 28, 2025$999,341,113
BBCMS 2025-C35
Tech Giant
2025Jul 7, 2025$795,340,067
BMARK 2018-B2
Tech Giant
2018Feb 6, 2018$1,093,678,387
BMARK 2018-B4
Chip Manufacturers
2018Jun 22, 2018$999,023,368
BMARK 2018-B5
Chip Manufacturers
2018Jul 24, 2018$934,727,302
BMARK 2018-B6
Tech Giant
Chip Manufacturers
Data Center
2018Sep 17, 2018$1,045,823,063
BMARK 2018-B7
Tech Giant
2018Nov 28, 2018$1,089,871,995
BMARK 2018-B8
Tech Giant
2018Dec 4, 2018$955,054,855
BMARK 2019-B11
Tech Giant
2019May 16, 2019$989,516,079
BMARK 2019-B14
Tech Giant
2019Nov 14, 2019$1,221,655,637
BMARK 2019-B15
Tech Giant
Data Center
2019Nov 20, 2019$796,185,225
BMARK 2019-B9
Data Center
2019Jan 28, 2019$829,615,514
BMARK 2020-B17
Tech Giant
2020Feb 27, 2020$846,638,645
BMARK 2020-B18
Tech Giant
2020Jul 20, 2020$865,905,236
BMARK 2020-B19
Tech Giant
2020Sep 30, 2020$1,054,426,202
BMARK 2020-B20
Software Leaders
Tech Giant
2020Oct 30, 2020$860,611,333
BMARK 2020-B21
Data Center
Tech Giant
2020Nov 17, 2020$1,042,309,359
BMARK 2020-B22
Tech Giant
2020Dec 15, 2020$805,989,088
BMARK 2021-B23
Data Center
Software Leaders
Tech Giant
2021Jan 26, 2021$1,507,208,052
BMARK 2021-B24
Tech Giant
Data Center
Software Leaders
2021Mar 1, 2021$1,149,955,800
BMARK 2021-B25
Tech Giant
Data Center
2021Apr 12, 2021$1,190,244,452
BMARK 2021-B26
Cloud and SaaS
Tech Giant
2021May 10, 2021$980,750,895
BMARK 2021-B27
Cloud and SaaS
Tech Giant
Data Center
2021Jul 14, 2021$1,065,538,753
BMARK 2021-B28
Tech Giant
2021Jul 28, 2021$1,349,399,252
BMARK 2021-B30
Tech Giant
2021Oct 25, 2021$943,493,693
BMARK 2021-B31
Tech Giant
2021Dec 3, 2021$1,482,748,320
BMARK 2022-B32
Tech Giant
Data Center
2022Jan 24, 2022$1,770,991,925
BMARK 2022-B34
Data Center
Tech Giant
2022Mar 24, 2022$871,586,719
BMARK 2022-B35
Data Center
Tech Giant
2022Apr 25, 2022$1,117,204,907
BMARK 2023-V4
Data Center
2023Nov 14, 2023$626,424,475
BMARK 2024-V10
Tech Giant
2024Sep 16, 2024$737,941,482
BMARK 2024-V12
Tech Giant
2024Dec 12, 2024$752,173,786
BMARK 2024-V7
Cloud and SaaS
2024May 16, 2024$821,887,348
BMARK 2024-V8
Software Leaders
2024Jun 24, 2024$1,007,215,867
BMARK 2025-V13
Data Center
2025Feb 4, 2025$767,380,000
BMARK 2025-V14
Data Center
2025Mar 17, 2025$939,182,469
BMARK 2025-V15
Cloud and SaaS
2025May 23, 2025$733,248,927
BMARK 2025-V16
Tech Giant
2025Jul 17, 2025$624,663,285
BMO 2022-C2
Tech Giant
2022Jun 22, 2022$699,485,286
BMO 2022-C3
Tech Giant
2022Sep 14, 2022$722,115,765
BMO 2023-C7
Data Center
2023Dec 22, 2023$736,726,642
BMO 2024-5C4
Cloud and SaaS
2024Apr 19, 2024$861,974,421
BMO 2024-5C5
Cloud and SaaS
2024Jul 25, 2024$1,014,922,205
BMO 2024-5C6
Tech Giant
2024Sep 5, 2024$675,022,539
BMO 2024-5C7
Software Leaders
2024Oct 11, 2024$959,395,515
BMO 2024-C9
Tech Giant
Cloud and SaaS
2024Jun 24, 2024$942,510,720
BMO 2025-5C9
Software Leaders
2025Mar 13, 2025$681,676,725
CD 2017-CD3
Data Center
Tech Giant
2017Feb 14, 2017$1,145,820,319
CD 2017-CD4
Tech Giant
2017May 12, 2017$716,693,133
CD 2017-CD6
Tech Giant
2017Nov 30, 2017$838,201,370
CD 2019-CD8
Tech Giant
2019Aug 22, 2019$781,046,526
CF 2019-CF1
Tech Giant
2019Apr 11, 2019$736,753,445
CFCRE 2016-C6
Data Center
2016N/AN/A
CFCRE 2016-C7
Tech Giant
2016Nov 30, 2016$570,686,804
CFCRE 2017-C8
Tech Giant
2017May 8, 2017$517,499,559
CGCMT 2016-GC36
Data Center
2016N/AN/A
CGCMT 2017-P7
Tech Giant
2017Apr 13, 2017$845,294,841
CGCMT 2018-C6
Tech Giant
2018Nov 13, 2018$683,946,703
CGCMT 2019-C7
Cloud and SaaS
2019Dec 6, 2019$1,176,193,789
CGCMT 2019-GC41
Data Center
Tech Giant
2019Aug 20, 2019$1,190,247,825
CGCMT 2020-GC46
Cloud and SaaS
Tech Giant
2020Feb 7, 2020$1,141,646,183
CGCMT 2022-GC48
Data Center
2022Jun 1, 2022$630,721,867
COMM 2018-COR3
Tech Giant
2018May 1, 2018$975,642,915
CSAIL 2017-C8
Chip Manufacturers
Tech Giant
Data Center
2017Jun 15, 2017$659,809,284
CSAIL 2017-CX10
Software Leaders
Tech Giant
2017Jan 2, 2018$716,645,265
CSAIL 2018-C14
Data Center
2018Nov 13, 2018$640,986,782
CSAIL 2018-CX11
Data Center
Tech Giant
2018Mar 22, 2018$736,801,881
CSAIL 2019-C15
Data Center
2019Feb 15, 2019$744,455,571
CSAIL 2019-C16
Data Center
2019Jun 11, 2019$758,483,686
CSAIL 2019-C18
Tech Giant
2019Nov 13, 2019$606,348,562
CSMC 2016-NXSR
Tech Giant
2016Dec 7, 2016$453,752,453
DBGS 2018-C1
Tech Giant
2018Oct 30, 2018$976,207,609
DBJPM 2017-C6
Tech Giant
2017Jun 7, 2017$828,630,511
DBJPM 2020-C9
Tech Giant
2020Aug 17, 2020$583,584,720
FIVE 2023-V1
Software Leaders
2023Feb 6, 2023$696,464,626
GSMS 2012-GCJ7
Data Center
2012N/AN/A
GSMS 2017-GS7
Tech Giant
2017Aug 24, 2017$990,173,619
GSMS 2018-GS9
Tech Giant
2018Mar 29, 2018$825,282,351
GSMS 2019-GC39
Data Center
Tech Giant
2019May 6, 2019$644,766,550
GSMS 2019-GC40
Tech Giant
2019Jun 20, 2019$754,420,583
GSMS 2019-GC42
Data Center
Tech Giant
2019Sep 10, 2019$990,386,899
GSMS 2020-GC47
Tech Giant
2020May 4, 2020$767,655,140
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$808,416,178
JPMCC 2017-JP5
Tech Giant
2017Mar 1, 2017$760,415,879
JPMCC 2017-JP6
Tech Giant
2017May 19, 2017$570,373,073
JPMCC 2017-JP7
Tech Giant
Data Center
Chip Manufacturers
2017Jul 14, 2017$621,097,402
JPMDB 2017-C5
Tech Giant
2017Mar 13, 2017$859,826,467
JPMDB 2017-C7
Tech Giant
2017Oct 31, 2017$924,417,924
JPMDB 2018-C8
Chip Manufacturers
2018May 18, 2018$518,431,945
JPMDB 2019-COR6
Tech Giant
2019Nov 7, 2019$772,771,521
JPMDB 2020-COR7
Tech Giant
2020Jun 23, 2020$661,053,707
MSBAM 2016-C32
Software Leaders
2016Nov 29, 2016$812,993,294
MSC 2017-HR2
Tech Giant
2017Dec 6, 2017$797,678,531
MSC 2018-H3
Tech Giant
2018Jun 18, 2018$854,024,344
MSC 2018-H4
Tech Giant
2018Dec 26, 2018$721,486,847
MSC 2018-L1
Tech Giant
2018Oct 4, 2018$861,188,601
MSC 2019-L2
Data Center
2019Feb 20, 2019$866,868,912
MSC 2019-L3
Tech Giant
2019Nov 4, 2019$962,147,772
MSC 2020-HR8
Tech Giant
2020Jul 20, 2020$631,936,773
MSC 2022-L8
Tech Giant
2022Mar 18, 2022$679,765,184
MSWF 2023-2
Data Center
2023Dec 4, 2023$913,597,846
UBSCM 2017-C1
Tech Giant
2017May 22, 2017$661,701,665
UBSCM 2017-C5
Tech Giant
2017Oct 27, 2017$556,460,575
UBSCM 2018-C10
Tech Giant
2018May 16, 2018$658,463,390
UBSCM 2018-C11
Data Center
Software Leaders
Tech Giant
2018Jun 18, 2018$641,031,398
UBSCM 2019-C16
Tech Giant
2019Mar 20, 2019$590,622,403
UBSCM 2019-C17
Tech Giant
Data Center
2019Sep 20, 2019$760,403,880
UBSCM 2019-C18
Tech Giant
2019Dec 4, 2019$700,388,846
WFCM 2014-LC18
Data Center
2014N/AN/A
WFCM 2017-C38
Tech Giant
Chip Manufacturers
2017Jun 21, 2017$986,238,154
WFCM 2017-C42
Tech Giant
2017Dec 6, 2017$674,861,379
WFCM 2017-RB1
Tech Giant
Data Center
2017Mar 15, 2017$535,276,779
WFCM 2017-RC1
Data Center
2017Feb 22, 2017$430,675,624
WFCM 2018-C43
Tech Giant
2018Mar 6, 2018$612,046,311
WFCM 2018-C46
Tech Giant
2018Aug 7, 2018$543,792,086
WFCM 2018-C48
Data Center
2018Dec 20, 2018$734,854,573
WFCM 2019-C50
Tech Giant
2019Apr 24, 2019$816,423,365
WFCM 2019-C51
Tech Giant
2019Jun 17, 2019$642,380,881
WFCM 2019-C52
Tech Giant
2019Aug 20, 2019$795,127,079
WFCM 2019-C53
Tech Giant
Data Center
2019Oct 15, 2019$630,808,583
WFCM 2019-C54
Data Center
2019Dec 3, 2019$622,115,506
WFCM 2020-C58
Tech Giant
2020Nov 30, 2020$659,690,584
WFCM 2021-C59
Data Center
Tech Giant
2021Apr 19, 2021$807,724,684
WFCM 2021-C60
Data Center
2021Jul 12, 2021$726,365,663
WFCM 2022-C62
Tech Giant
2022Mar 28, 2022$525,516,497
WFCM 2024-5C1
Software Leaders
2024Jul 8, 2024$730,213,522
WFCM 2024-5C2
Tech Giant
2024Nov 12, 2024$719,646,549
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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