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 204 unique deals across 5 categories of AI exposure.
Total AI-Exposed Deals260
Unique AI-Exposed Deals204
AI Exposure Categories5
Largest CategoryTech Giant (153 deals)
Smallest CategoryChip Manufacturers (10 deals)
Average Deals per Category52
Last UpdatedFeb 13, 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 204 of 204 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$838,705,694
BANK 2017-BNK6
Tech Giant
Chip Manufacturers
2017Jul 10, 2017$736,959,652
BANK 2017-BNK7
Data Center
Tech Giant
2017Sep 13, 2017$1,050,306,744
BANK 2018-BNK10
Tech Giant
2018Jan 23, 2018$1,148,391,276
BANK 2018-BNK11
Tech Giant
2018Apr 5, 2018$645,779,064
BANK 2018-BNK12
Tech Giant
2018May 10, 2018$741,035,057
BANK 2018-BNK13
Tech Giant
2018Jul 18, 2018$731,068,754
BANK 2018-BNK14
Data Center
2018Sep 13, 2018$1,219,914,361
BANK 2018-BNK15
Tech Giant
Data Center
2018Nov 7, 2018$933,414,651
BANK 2019-BNK16
Data Center
2019Jan 29, 2019$879,843,398
BANK 2019-BNK19
Software Leaders
Tech Giant
2019Jul 17, 2019$1,169,005,717
BANK 2019-BNK20
Tech Giant
2019Sep 10, 2019$1,126,330,787
BANK 2019-BNK21
Tech Giant
Data Center
2019Sep 24, 2019$1,101,134,903
BANK 2019-BNK23
Tech Giant
2019Nov 18, 2019$1,265,523,962
BANK 2019-BNK24
Tech Giant
2019Dec 5, 2019$1,199,191,979
BANK 2020-BNK25
Data Center
Tech Giant
2020Jan 22, 2020$1,558,698,227
BANK 2020-BNK27
Tech Giant
2020Jun 15, 2020$614,651,422
BANK 2020-BNK28
Tech Giant
2020Sep 30, 2020$697,426,335
BANK 2020-BNK30
Tech Giant
2020Dec 8, 2020$883,722,392
BANK 2021-BNK31
Tech Giant
2021Jan 25, 2021$874,829,102
BANK 2021-BNK32
Tech Giant
Data Center
2021Mar 10, 2021$895,912,885
BANK 2021-BNK33
Data Center
2021May 4, 2021$986,971,927
BANK 2021-BNK34
Tech Giant
Data Center
2021Jun 9, 2021$958,782,570
BANK 2021-BNK36
Tech Giant
2021Oct 7, 2021$1,247,305,917
BANK 2021-BNK38
Tech Giant
2021Dec 7, 2021$661,729,374
BANK 2022-BNK41
Tech Giant
Data Center
2022Apr 18, 2022$1,160,542,393
BANK 2022-BNK43
Software Leaders
2022Aug 2, 2022$1,077,817,585
BANK 2022-BNK44
Data Center
2022Nov 3, 2022$1,017,542,148
BANK 2023-BNK46
Data Center
2023Jul 28, 2023$719,145,820
BANK 2024-BNK47
Cloud and SaaS
2024Jun 13, 2024$1,080,414,514
BANK 2024-BNK48
Tech Giant
2024Sep 24, 2024$1,112,142,999
BANK5 2023-5YR4
Chip Manufacturers
2023Nov 27, 2023$674,123,334
BANK5 2024-5YR10
Tech Giant
2024Sep 26, 2024$835,767,085
BANK5 2024-5YR5
Chip Manufacturers
2024Jan 25, 2024$468,600,000
BANK5 2024-5YR9
Tech Giant
2024Aug 14, 2024$907,572,191
BANK5 2025-5YR16
Tech Giant
2025Aug 13, 2025$655,654,442
BANK5 2025-5YR18
Software Leaders
Tech Giant
2025Nov 13, 2025$709,716,368
BBCMS 2017-C1
Data Center
Tech Giant
2017Feb 10, 2017$684,482,211
BBCMS 2018-C2
Tech Giant
2018Nov 20, 2018$858,244,934
BBCMS 2019-C3
Tech Giant
2019Jun 10, 2019$879,986,112
BBCMS 2019-C4
Tech Giant
2019Aug 5, 2019$851,634,327
BBCMS 2019-C5
Tech Giant
Data Center
2019Oct 30, 2019$900,605,157
BBCMS 2020-C6
Data Center
2020Jan 27, 2020$858,726,707
BBCMS 2020-C7
Tech Giant
2020Jun 9, 2020$780,494,155
BBCMS 2020-C8
Tech Giant
2020Oct 6, 2020$669,898,687
BBCMS 2021-C12
Data Center
2021Nov 8, 2021$1,049,325,711
BBCMS 2022-C14
Tech Giant
2022Jan 25, 2022$899,593,239
BBCMS 2022-C15
Tech Giant
2022Mar 18, 2022$1,018,089,376
BBCMS 2022-C16
Tech Giant
2022Jun 1, 2022$1,072,393,453
BBCMS 2022-C17
Tech Giant
2022Aug 11, 2022$899,809,980
BBCMS 2022-C18
Data Center
Tech Giant
2022Nov 15, 2022$789,226,085
BBCMS 2023-C19
Tech Giant
Data Center
2023Apr 5, 2023$791,712,060
BBCMS 2023-C20
Cloud and SaaS
Data Center
Tech Giant
2023Jun 15, 2023$817,373,752
BBCMS 2023-C22
Data Center
2023Oct 16, 2023$686,587,907
BBCMS 2024-5C25
Software Leaders
2024Mar 12, 2024$886,269,702
BBCMS 2024-5C31
Tech Giant
2024Nov 29, 2024$872,356,242
BBCMS 2025-5C33
Data Center
2025Feb 25, 2025$891,800,522
BBCMS 2025-5C36
Tech Giant
2025Jul 15, 2025$613,306,580
BBCMS 2025-5C37
Tech Giant
2025Sep 2, 2025$741,434,675
BBCMS 2025-C32
Tech Giant
2025Jan 28, 2025$998,732,514
BBCMS 2025-C35
Tech Giant
2025Jul 7, 2025$794,691,068
BBCMS 2025-C39
Tech Giant
2025Dec 3, 2025$806,442,142
BBCMS 2026-5C40
Tech Giant
Software Leaders
2026Jan 16, 2026$834,380,978
BMARK 2018-B2
Tech Giant
2018Feb 6, 2018$1,064,050,246
BMARK 2018-B4
Chip Manufacturers
Tech Giant
2018Jun 22, 2018$994,415,884
BMARK 2018-B5
Chip Manufacturers
Tech Giant
2018Jul 24, 2018$930,296,784
BMARK 2018-B6
Tech Giant
Chip Manufacturers
Data Center
2018Sep 17, 2018$1,041,927,881
BMARK 2018-B7
Tech Giant
2018Nov 28, 2018$1,084,492,195
BMARK 2018-B8
Tech Giant
2018Dec 4, 2018$936,500,295
BMARK 2019-B11
Tech Giant
2019May 16, 2019$949,171,737
BMARK 2019-B14
Tech Giant
2019Nov 14, 2019$1,158,694,800
BMARK 2019-B15
Tech Giant
Data Center
2019Nov 20, 2019$793,213,018
BMARK 2019-B9
Data Center
2019Jan 28, 2019$806,100,675
BMARK 2020-B17
Tech Giant
2020Feb 27, 2020$844,615,804
BMARK 2020-B18
Tech Giant
2020Jul 20, 2020$787,635,451
BMARK 2020-B19
Tech Giant
2020Sep 30, 2020$969,776,827
BMARK 2020-B20
Tech Giant
Software Leaders
2020Oct 30, 2020$823,506,145
BMARK 2020-B21
Data Center
Tech Giant
2020Nov 17, 2020$1,031,628,980
BMARK 2020-B22
Tech Giant
2020Dec 15, 2020$800,698,329
BMARK 2021-B23
Tech Giant
Software Leaders
Data Center
2021Jan 26, 2021$1,502,571,166
BMARK 2021-B24
Tech Giant
Software Leaders
Data Center
2021Mar 1, 2021$1,147,590,428
BMARK 2021-B25
Tech Giant
Data Center
2021Apr 12, 2021$1,186,063,412
BMARK 2021-B26
Tech Giant
Cloud and SaaS
Software Leaders
2021May 10, 2021$957,782,299
BMARK 2021-B27
Data Center
Tech Giant
2021Jul 14, 2021$1,062,854,431
BMARK 2021-B28
Tech Giant
2021Jul 28, 2021$1,334,588,460
BMARK 2021-B30
Tech Giant
2021Oct 25, 2021$937,152,094
BMARK 2021-B31
Tech Giant
2021Dec 3, 2021$1,479,983,209
BMARK 2022-B32
Data Center
Tech Giant
2022Jan 24, 2022$1,762,995,987
BMARK 2022-B34
Tech Giant
Data Center
2022Mar 24, 2022$895,630,421
BMARK 2022-B35
Data Center
Tech Giant
2022Apr 25, 2022$1,115,956,964
BMARK 2023-V4
Data Center
2023Nov 14, 2023$626,340,165
BMARK 2024-V10
Tech Giant
2024Sep 16, 2024$737,916,747
BMARK 2024-V12
Tech Giant
2024Dec 12, 2024$752,149,531
BMARK 2024-V7
Cloud and SaaS
2024May 16, 2024$821,866,040
BMARK 2024-V8
Software Leaders
2024Jun 24, 2024$1,005,416,506
BMARK 2025-B41
Tech Giant
2025Aug 19, 2025$630,584,702
BMARK 2025-V13
Data Center
2025Feb 4, 2025$767,380,000
BMARK 2025-V14
Data Center
2025Mar 17, 2025$938,965,716
BMARK 2025-V15
Cloud and SaaS
2025May 23, 2025$732,926,953
BMARK 2025-V16
Tech Giant
2025Jul 17, 2025$624,616,898
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$698,702,452
BMO 2022-C3
Tech Giant
2022Sep 14, 2022$720,862,284
BMO 2023-C7
Data Center
2023Dec 22, 2023$736,421,139
BMO 2024-5C4
Cloud and SaaS
2024Apr 19, 2024$861,432,264
BMO 2024-5C5
Cloud and SaaS
2024Jul 25, 2024$1,014,725,768
BMO 2024-5C6
Tech Giant
2024Sep 5, 2024$674,882,740
BMO 2024-5C7
Software Leaders
2024Oct 11, 2024$959,249,608
BMO 2024-C9
Cloud and SaaS
Tech Giant
2024Jun 24, 2024$942,008,020
BMO 2025-5C10
Cloud and SaaS
2025Jun 16, 2025$627,924,822
BMO 2025-5C12
Tech Giant
2025Sep 15, 2025$638,165,969
BMO 2025-5C9
Software Leaders
2025Mar 13, 2025$681,585,138
BMO 2025-C11
Tech Giant
2025Feb 10, 2025$904,591,764
BMO 2025-C13
Tech Giant
2025Sep 22, 2025$814,105,628
CD 2017-CD3
Tech Giant
Data Center
2017Feb 14, 2017$1,010,892,981
CD 2017-CD4
Tech Giant
2017May 12, 2017$689,919,826
CD 2017-CD6
Tech Giant
2017Nov 30, 2017$794,678,638
CD 2019-CD8
Tech Giant
2019Aug 22, 2019$779,282,244
CF 2019-CF1
Tech Giant
2019Apr 11, 2019$734,489,282
CFCRE 2016-C6
Data Center
2016N/AN/A
CFCRE 2016-C7
Tech Giant
2016Nov 30, 2016$567,946,557
CFCRE 2017-C8
Tech Giant
2017May 8, 2017$494,955,821
CGCMT 2016-GC36
Data Center
2016N/AN/A
CGCMT 2017-P7
Tech Giant
2017Apr 13, 2017$790,107,323
CGCMT 2018-C6
Tech Giant
2018Nov 13, 2018$680,752,311
CGCMT 2019-C7
Cloud and SaaS
2019Dec 6, 2019$1,160,947,001
CGCMT 2019-GC41
Tech Giant
Data Center
2019Aug 20, 2019$1,172,941,850
CGCMT 2020-GC46
Tech Giant
Cloud and SaaS
2020Feb 7, 2020$1,137,072,533
CGCMT 2022-GC48
Data Center
2022Jun 1, 2022$630,184,774
COMM 2018-COR3
Tech Giant
2018May 1, 2018$973,738,750
CSAIL 2017-C8
Data Center
Chip Manufacturers
Tech Giant
2017Jun 15, 2017$656,332,126
CSAIL 2017-CX10
Tech Giant
Software Leaders
2017Jan 2, 2018$700,946,930
CSAIL 2018-C14
Data Center
2018Nov 13, 2018$637,449,862
CSAIL 2018-CX11
Data Center
Tech Giant
2018Mar 22, 2018$720,739,666
CSAIL 2019-C15
Data Center
2019Feb 15, 2019$740,241,195
CSAIL 2019-C16
Data Center
2019Jun 11, 2019$741,622,488
CSAIL 2019-C18
Tech Giant
2019Nov 13, 2019$601,914,942
DBGS 2018-C1
Tech Giant
2018Oct 30, 2018$962,784,461
DBJPM 2017-C6
Tech Giant
2017Jun 7, 2017$761,291,813
DBJPM 2020-C9
Tech Giant
2020Aug 17, 2020$520,396,719
FIVE 2023-V1
Software Leaders
2023Feb 6, 2023$620,839,565
GSMS 2012-GCJ7
Data Center
2012N/AN/A
GSMS 2017-GS7
Tech Giant
2017Aug 24, 2017$987,112,323
GSMS 2018-GS9
Tech Giant
2018Mar 29, 2018$822,454,439
GSMS 2019-GC39
Data Center
Tech Giant
2019May 6, 2019$633,168,152
GSMS 2019-GC40
Tech Giant
2019Jun 20, 2019$714,071,466
GSMS 2019-GC42
Data Center
Tech Giant
2019Sep 10, 2019$963,413,785
GSMS 2020-GC47
Tech Giant
2020May 4, 2020$766,709,069
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$784,132,851
JPMCC 2017-JP5
Tech Giant
2017Mar 1, 2017$754,694,501
JPMCC 2017-JP6
Tech Giant
2017May 19, 2017$553,988,276
JPMCC 2017-JP7
Tech Giant
Chip Manufacturers
Data Center
2017Jul 14, 2017$596,053,046
JPMDB 2017-C5
Tech Giant
2017Mar 13, 2017$750,043,455
JPMDB 2017-C7
Tech Giant
2017Oct 31, 2017$886,568,689
JPMDB 2018-C8
Chip Manufacturers
2018May 18, 2018$514,641,769
JPMDB 2019-COR6
Tech Giant
2019Nov 7, 2019$768,057,198
JPMDB 2020-COR7
Tech Giant
2020Jun 23, 2020$654,774,964
MSBAM 2016-C32
Software Leaders
2016Nov 29, 2016$806,327,619
MSBAM 2025-5C2
Tech Giant
2025Oct 21, 2025$713,549,500
MSC 2017-HR2
Software Leaders
Tech Giant
2017Dec 6, 2017$794,365,441
MSC 2018-H3
Tech Giant
2018Jun 18, 2018$765,910,420
MSC 2018-H4
Tech Giant
2018Dec 26, 2018$718,004,497
MSC 2018-L1
Tech Giant
2018Oct 4, 2018$818,642,540
MSC 2019-L2
Data Center
2019Feb 20, 2019$864,122,733
MSC 2019-L3
Tech Giant
2019Nov 4, 2019$954,231,611
MSC 2020-HR8
Tech Giant
2020Jul 20, 2020$630,702,963
MSC 2022-L8
Tech Giant
2022Mar 18, 2022$678,453,452
MSWF 2023-2
Data Center
2023Dec 4, 2023$897,789,745
UBSCM 2017-C1
Tech Giant
2017May 22, 2017$648,274,436
UBSCM 2017-C5
Tech Giant
2017Oct 27, 2017$497,305,567
UBSCM 2018-C11
Data Center
Software Leaders
Tech Giant
2018Jun 18, 2018$617,932,116
UBSCM 2019-C16
Tech Giant
2019Mar 20, 2019$578,633,927
UBSCM 2019-C17
Tech Giant
Data Center
2019Sep 20, 2019$754,544,360
UBSCM 2019-C18
Tech Giant
2019Dec 4, 2019$695,471,007
WFCM 2014-LC18
Data Center
2014N/AN/A
WFCM 2017-C38
Chip Manufacturers
Tech Giant
2017Jun 21, 2017$977,197,567
WFCM 2017-C42
Tech Giant
2017Dec 6, 2017$638,308,216
WFCM 2017-RB1
Data Center
Tech Giant
2017Mar 15, 2017$515,455,580
WFCM 2017-RC1
Tech Giant
Data Center
2017Feb 22, 2017$883,722,392
WFCM 2018-C43
Tech Giant
2018Mar 6, 2018$607,427,281
WFCM 2018-C44
Tech Giant
2018May 17, 2018$689,305,668
WFCM 2018-C45
Tech Giant
2018Jun 20, 2018$583,284,641
WFCM 2018-C46
Tech Giant
2018Aug 7, 2018$539,774,608
WFCM 2018-C48
Data Center
2018Dec 20, 2018$721,292,364
WFCM 2019-C50
Tech Giant
2019Apr 24, 2019$810,891,546
WFCM 2019-C51
Tech Giant
2019Jun 17, 2019$638,993,320
WFCM 2019-C52
Tech Giant
2019Aug 20, 2019$768,089,345
WFCM 2019-C53
Data Center
Tech Giant
2019Oct 15, 2019$623,171,148
WFCM 2019-C54
Data Center
2019Dec 3, 2019$619,542,686
WFCM 2020-C58
Tech Giant
2020Nov 30, 2020$655,826,043
WFCM 2021-C59
Data Center
Tech Giant
2021Apr 19, 2021$804,736,623
WFCM 2021-C60
Data Center
2021Jul 12, 2021$724,079,439
WFCM 2022-C62
Tech Giant
2022Mar 28, 2022$521,878,530
WFCM 2024-5C1
Software Leaders
2024Jul 8, 2024$727,905,998
WFCM 2024-5C2
Tech Giant
2024Nov 12, 2024$719,301,421
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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