UPS Plans to Close 200 #DistributionCenters, Potentially Impacting #CMBS #UPS announced plans to close approximately 200 U.S.-based distribution centers over the next five years, according to a March #investor presentation. UPS, which owns or leases more than 1,000 facilities, has yet to provide a full list of closures. KBRA Credit Profile (#KCP) identified seven industrial properties collateralizing seven loans—$160.5 million by allocated loan amount (#ALA)—across 14 CMBS transactions with exposure to UPS as a top-five tenant. KCP subscribers can access our exposure list here: kcp.krollbondratings.com
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