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 194 unique deals across 5 categories of AI exposure.
Total AI-Exposed Deals244Unique AI-Exposed Deals194AI Exposure Categories5Largest CategoryTech Giant (138 deals)Smallest CategoryChip Manufacturers (11 deals)Average Deals per Category49Last UpdatedJul 17, 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 194 of 194 deals
Deal NameAI Exposure CategoriesVintageIssuance DateCurrent Balance
BACM 2017-BNK3
Tech Giant
2017Jan 25, 2017$856,813,667
BANK 2017-BNK4
Tech Giant
2017Mar 28, 2017$845,047,071
BANK 2017-BNK6
Tech Giant
Chip Manufacturers
2017Jul 9, 2017$746,986,159
BANK 2017-BNK7
Tech Giant
Data Center
2017Sep 12, 2017$1,014,787,547
BANK 2018-BNK10
Tech Giant
2018Jan 22, 2018$1,154,906,863
BANK 2018-BNK11
Tech Giant
2018Apr 4, 2018$649,806,299
BANK 2018-BNK12
Tech Giant
2018May 9, 2018$829,245,385
BANK 2018-BNK13
Tech Giant
2018Jul 17, 2018$803,077,562
BANK 2018-BNK14
Data Center
2018Sep 12, 2018$1,227,582,376
BANK 2018-BNK15
Tech Giant
Data Center
2018Nov 6, 2018$937,672,498
BANK 2019-BNK16
Data Center
2019Jan 28, 2019$905,347,086
BANK 2019-BNK19
Software Leaders
Tech Giant
2019Jul 16, 2019$1,269,940,842
BANK 2019-BNK20
Tech Giant
2019Sep 9, 2019$1,132,137,667
BANK 2019-BNK21
Data Center
Tech Giant
2019Sep 23, 2019$1,105,052,598
BANK 2019-BNK22
Tech Giant
2019Oct 21, 2019$1,082,426,560
BANK 2019-BNK23
Tech Giant
2019Nov 17, 2019$1,257,215,587
BANK 2019-BNK24
Tech Giant
2019Dec 4, 2019$1,202,747,218
BANK 2020-BNK25
Tech Giant
Data Center
2020Jan 21, 2020$1,561,537,120
BANK 2020-BNK26
Tech Giant
2020Mar 11, 2020$1,149,006,242
BANK 2020-BNK27
Tech Giant
2020Jun 14, 2020$615,196,374
BANK 2020-BNK28
Tech Giant
2020Sep 29, 2020$699,943,014
BANK 2020-BNK30
Tech Giant
2020Dec 7, 2020$892,780,444
BANK 2021-BNK32
Data Center
Tech Giant
2021Mar 9, 2021$897,396,103
BANK 2021-BNK33
Data Center
2021May 3, 2021$996,650,976
BANK 2021-BNK34
Tech Giant
Data Center
2021Jun 8, 2021$958,994,688
BANK 2021-BNK36
Tech Giant
2021Oct 6, 2021$1,251,591,349
BANK 2021-BNK38
Tech Giant
2021Dec 6, 2021$661,920,219
BANK 2022-BNK41
Tech Giant
Data Center
2022Apr 17, 2022$1,162,539,237
BANK 2022-BNK42
Chip Manufacturers
2022May 16, 2022$757,730,647
BANK 2022-BNK43
Software Leaders
2022Aug 1, 2022$1,043,884,432
BANK 2022-BNK44
Data Center
2022Nov 2, 2022$1,019,437,192
BANK 2023-BNK46
Data Center
2023Jul 27, 2023$691,954,342
BANK 2024-BNK47
Cloud and SaaS
2024Jun 12, 2024$1,081,000,490
BANK 2024-BNK48
Tech Giant
2024Sep 23, 2024$1,113,297,835
BANK5 2023-5YR4
Chip Manufacturers
2023Nov 26, 2023$674,123,334
BANK5 2024-5YR10
Tech Giant
2024Sep 25, 2024$836,737,940
BANK5 2024-5YR5
Chip Manufacturers
2024Jan 24, 2024$468,600,000
BANK5 2024-5YR9
Tech Giant
2024Aug 13, 2024$908,663,217
BBCMS 2017-C1
Tech Giant
Data Center
2017Feb 9, 2017$687,966,956
BBCMS 2018-C2
Tech Giant
2018Nov 19, 2018$862,814,937
BBCMS 2019-C3
Tech Giant
2019Jun 9, 2019$893,144,671
BBCMS 2019-C4
Tech Giant
2019Aug 4, 2019$855,934,253
BBCMS 2019-C5
Data Center
Tech Giant
2019Oct 29, 2019$908,603,566
BBCMS 2020-C6
Data Center
2020Jan 26, 2020$861,575,951
BBCMS 2020-C7
Tech Giant
2020Jun 8, 2020$783,166,193
BBCMS 2020-C8
Tech Giant
2020Oct 5, 2020$682,179,125
BBCMS 2021-C12
Data Center
2021Nov 7, 2021$1,060,593,476
BBCMS 2022-C14
Tech Giant
2022Jan 24, 2022$903,574,386
BBCMS 2022-C15
Tech Giant
2022Mar 17, 2022$1,019,668,332
BBCMS 2022-C16
Tech Giant
2022May 31, 2022$1,074,528,910
BBCMS 2022-C17
Tech Giant
2022Aug 10, 2022$901,126,333
BBCMS 2022-C18
Tech Giant
Data Center
2022Nov 14, 2022$802,571,837
BBCMS 2023-C19
Data Center
Tech Giant
2023Apr 4, 2023$847,351,429
BBCMS 2023-C20
Tech Giant
Cloud and SaaS
Data Center
2023Jun 14, 2023$817,891,386
BBCMS 2023-C22
Data Center
2023Oct 15, 2023$686,778,246
BBCMS 2024-5C25
Software Leaders
2024Mar 11, 2024$886,308,370
BBCMS 2024-5C31
Tech Giant
2024Nov 28, 2024$872,430,212
BBCMS 2025-5C33
Data Center
2025Feb 24, 2025$892,193,013
BBCMS 2025-5C36
Tech Giant
2025Jul 14, 2025$613,468,550
BBCMS 2025-C32
Tech Giant
2025Jan 27, 2025$999,341,113
BBCMS 2025-C35
Tech Giant
2025Jul 6, 2025$795,340,067
BMARK 2018-B2
Tech Giant
2018Feb 5, 2018$1,093,678,387
BMARK 2018-B4
Chip Manufacturers
2018Jun 21, 2018$999,023,368
BMARK 2018-B5
Chip Manufacturers
2018Jul 23, 2018$934,727,302
BMARK 2018-B6
Data Center
Tech Giant
Chip Manufacturers
2018Sep 16, 2018$1,045,823,063
BMARK 2018-B7
Tech Giant
2018Nov 27, 2018$1,089,871,995
BMARK 2018-B8
Tech Giant
2018Dec 3, 2018$955,054,855
BMARK 2019-B11
Tech Giant
2019May 15, 2019$989,516,079
BMARK 2019-B14
Tech Giant
2019Nov 13, 2019$1,221,655,637
BMARK 2019-B15
Tech Giant
Data Center
2019Nov 19, 2019$796,185,225
BMARK 2019-B9
Data Center
2019Jan 27, 2019$829,615,514
BMARK 2020-B17
Tech Giant
2020Feb 26, 2020$846,638,645
BMARK 2020-B18
Tech Giant
2020Jul 19, 2020$865,905,236
BMARK 2020-B19
Tech Giant
2020Sep 29, 2020$1,054,426,202
BMARK 2020-B20
Software Leaders
Tech Giant
2020Oct 29, 2020$860,611,333
BMARK 2020-B21
Data Center
Tech Giant
2020Nov 16, 2020$1,042,309,359
BMARK 2020-B22
Tech Giant
2020Dec 14, 2020$805,989,088
BMARK 2021-B23
Data Center
Tech Giant
Software Leaders
2021Jan 25, 2021$1,507,208,052
BMARK 2021-B24
Software Leaders
Tech Giant
Data Center
2021Feb 28, 2021$1,149,955,800
BMARK 2021-B25
Tech Giant
Data Center
2021Apr 11, 2021$1,190,244,452
BMARK 2021-B26
Tech Giant
Cloud and SaaS
2021May 9, 2021$980,750,895
BMARK 2021-B27
Data Center
Cloud and SaaS
Tech Giant
2021Jul 13, 2021$1,065,538,753
BMARK 2021-B28
Tech Giant
2021Jul 27, 2021$1,349,399,252
BMARK 2021-B30
Tech Giant
2021Oct 24, 2021$943,493,693
BMARK 2021-B31
Tech Giant
2021Dec 2, 2021$1,482,748,320
BMARK 2022-B32
Data Center
Tech Giant
2022Jan 23, 2022$1,770,991,925
BMARK 2022-B34
Data Center
Tech Giant
2022Mar 23, 2022$871,586,719
BMARK 2022-B35
Tech Giant
Data Center
2022Apr 24, 2022$1,117,204,907
BMARK 2023-V4
Data Center
2023Nov 13, 2023$626,424,475
BMARK 2024-V10
Tech Giant
2024Sep 15, 2024$737,941,482
BMARK 2024-V12
Tech Giant
2024Dec 11, 2024$752,173,786
BMARK 2024-V7
Cloud and SaaS
2024May 15, 2024$821,887,348
BMARK 2024-V8
Software Leaders
2024Jun 23, 2024$1,007,215,867
BMARK 2025-V13
Data Center
2025Feb 3, 2025$767,380,000
BMARK 2025-V14
Data Center
2025Mar 16, 2025$939,182,469
BMARK 2025-V15
Cloud and SaaS
2025May 22, 2025$733,248,927
BMARK 2025-V16
Tech Giant
2025Jul 16, 2025$624,663,285
BMO 2022-C2
Tech Giant
2022Jun 21, 2022$699,485,286
BMO 2022-C3
Tech Giant
2022Sep 13, 2022$722,115,765
BMO 2023-C7
Data Center
2023Dec 21, 2023$736,726,642
BMO 2024-5C4
Cloud and SaaS
2024Apr 18, 2024$861,974,421
BMO 2024-5C5
Cloud and SaaS
2024Jul 24, 2024$1,014,922,205
BMO 2024-5C6
Tech Giant
2024Sep 4, 2024$675,022,539
BMO 2024-5C7
Software Leaders
2024Oct 10, 2024$959,395,515
BMO 2024-C9
Tech Giant
Cloud and SaaS
2024Jun 23, 2024$942,510,720
BMO 2025-5C9
Software Leaders
2025Mar 12, 2025$681,676,725
CD 2017-CD3
Tech Giant
Data Center
2017Feb 13, 2017$1,145,820,319
CD 2017-CD4
Tech Giant
2017May 11, 2017$717,692,830
CD 2017-CD6
Tech Giant
2017Nov 29, 2017$839,284,311
CD 2019-CD8
Tech Giant
2019Aug 21, 2019$781,046,526
CF 2019-CF1
Tech Giant
2019Apr 10, 2019$736,753,445
CFCRE 2016-C6
Data Center
2016N/AN/A
CFCRE 2016-C7
Tech Giant
2016Nov 29, 2016$571,170,026
CFCRE 2017-C8
Tech Giant
2017May 7, 2017$517,499,559
CGCMT 2016-GC36
Data Center
2016N/AN/A
CGCMT 2017-P7
Tech Giant
2017Apr 12, 2017$845,294,841
CGCMT 2018-C6
Tech Giant
2018Nov 12, 2018$683,946,703
CGCMT 2019-C7
Cloud and SaaS
2019Dec 5, 2019$1,176,193,789
CGCMT 2019-GC41
Data Center
Tech Giant
2019Aug 19, 2019$1,190,247,825
CGCMT 2020-GC46
Tech Giant
Cloud and SaaS
2020Feb 6, 2020$1,141,646,183
CGCMT 2022-GC48
Data Center
2022May 31, 2022$630,721,867
COMM 2018-COR3
Tech Giant
2018Apr 30, 2018$975,981,908
CSAIL 2017-C8
Data Center
Chip Manufacturers
Tech Giant
2017Jun 14, 2017$659,809,284
CSAIL 2017-CX10
Software Leaders
Tech Giant
2017Jan 1, 2018$716,645,265
CSAIL 2018-C14
Data Center
2018Nov 12, 2018$640,986,782
CSAIL 2018-CX11
Tech Giant
Data Center
2018Mar 21, 2018$736,801,881
CSAIL 2019-C15
Data Center
2019Feb 14, 2019$744,455,571
CSAIL 2019-C16
Data Center
2019Jun 10, 2019$758,483,686
CSAIL 2019-C18
Tech Giant
2019Nov 12, 2019$606,348,562
CSMC 2016-NXSR
Tech Giant
2016Dec 6, 2016$453,752,453
DBGS 2018-C1
Tech Giant
2018Oct 29, 2018$976,207,609
DBJPM 2017-C6
Tech Giant
2017Jun 6, 2017$829,403,500
DBJPM 2020-C9
Tech Giant
2020Aug 16, 2020$583,584,720
FIVE 2023-V1
Software Leaders
2023Feb 5, 2023$696,561,494
GSMS 2012-GCJ7
Data Center
2012N/AN/A
GSMS 2017-GS5
Cloud and SaaS
2017Mar 1, 2017$953,095,617
GSMS 2017-GS6
Cloud and SaaS
2017May 14, 2017$902,581,690
GSMS 2017-GS7
Tech Giant
2017Aug 23, 2017$1,021,438,077
GSMS 2018-GS9
Tech Giant
2018Mar 28, 2018$825,781,535
GSMS 2019-GC39
Tech Giant
Data Center
2019May 5, 2019$645,162,463
GSMS 2019-GC40
Tech Giant
2019Jun 19, 2019$754,886,624
GSMS 2019-GC42
Data Center
Tech Giant
2019Sep 9, 2019$990,872,907
GSMS 2020-GC47
Tech Giant
2020May 3, 2020$767,818,977
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 20, 2016$808,416,178
JPMCC 2017-JP5
Tech Giant
2017Feb 28, 2017$760,415,879
JPMCC 2017-JP6
Tech Giant
2017May 18, 2017$570,373,073
JPMCC 2017-JP7
Chip Manufacturers
Data Center
Tech Giant
2017Jul 13, 2017$621,097,402
JPMDB 2017-C5
Tech Giant
2017Mar 12, 2017$859,826,467
JPMDB 2017-C7
Tech Giant
2017Oct 30, 2017$924,417,924
JPMDB 2018-C8
Chip Manufacturers
2018May 17, 2018$518,431,945
JPMDB 2019-COR6
Tech Giant
2019Nov 6, 2019$773,059,536
JPMDB 2020-COR7
Tech Giant
2020Jun 22, 2020$661,609,640
MSBAM 2016-C32
Software Leaders
2016Nov 28, 2016$812,993,294
MSC 2017-HR2
Tech Giant
2017Dec 5, 2017$797,678,531
MSC 2018-H3
Tech Giant
2018Jun 17, 2018$854,024,344
MSC 2018-H4
Tech Giant
2018Dec 25, 2018$721,486,847
MSC 2018-L1
Tech Giant
2018Oct 3, 2018$861,188,601
MSC 2019-L2
Data Center
2019Feb 19, 2019$866,868,912
MSC 2019-L3
Tech Giant
2019Nov 3, 2019$962,147,772
MSC 2020-HR8
Tech Giant
2020Jul 19, 2020$631,936,773
MSC 2022-L8
Tech Giant
2022Mar 17, 2022$679,765,184
MSWF 2023-2
Data Center
2023Dec 3, 2023$913,597,846
UBSCM 2017-C1
Tech Giant
2017May 21, 2017$661,701,665
UBSCM 2017-C5
Tech Giant
2017Oct 26, 2017$556,460,575
UBSCM 2018-C10
Tech Giant
2018May 15, 2018$658,463,390
UBSCM 2018-C11
Data Center
Tech Giant
Software Leaders
2018Jun 17, 2018$641,031,398
UBSCM 2019-C16
Tech Giant
2019Mar 19, 2019$590,622,403
UBSCM 2019-C17
Tech Giant
Data Center
2019Sep 19, 2019$760,403,880
UBSCM 2019-C18
Tech Giant
2019Dec 3, 2019$700,388,846
WFCM 2014-LC18
Data Center
2014N/AN/A
WFCM 2017-C38
Tech Giant
Chip Manufacturers
2017Jun 20, 2017$986,238,154
WFCM 2017-C42
Tech Giant
2017Dec 5, 2017$674,861,379
WFCM 2017-RB1
Tech Giant
Data Center
2017Mar 14, 2017$535,276,779
WFCM 2017-RC1
Data Center
2017Feb 21, 2017$430,675,624
WFCM 2018-C43
Tech Giant
2018Mar 5, 2018$612,046,311
WFCM 2018-C46
Tech Giant
2018Aug 6, 2018$543,792,086
WFCM 2018-C48
Data Center
2018Dec 19, 2018$734,854,573
WFCM 2019-C50
Tech Giant
2019Apr 23, 2019$816,423,365
WFCM 2019-C51
Tech Giant
2019Jun 16, 2019$642,380,881
WFCM 2019-C52
Tech Giant
2019Aug 19, 2019$795,127,079
WFCM 2019-C53
Tech Giant
Data Center
2019Oct 14, 2019$630,808,583
WFCM 2019-C54
Data Center
2019Dec 2, 2019$622,115,506
WFCM 2020-C58
Tech Giant
2020Nov 29, 2020$659,690,584
WFCM 2021-C59
Data Center
Tech Giant
2021Apr 18, 2021$807,724,684
WFCM 2021-C60
Data Center
2021Jul 11, 2021$726,365,663
WFCM 2022-C62
Tech Giant
2022Mar 27, 2022$525,516,497
WFCM 2024-5C1
Software Leaders
2024Jul 7, 2024$730,213,522
WFCM 2024-5C2
Tech Giant
2024Nov 11, 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.