NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 17 classes of BENCHMARK 2018-B3 (see ratings list below), a $1.1 billion CMBS conduit transaction collateralized by 45 commercial mortgage loans secured by 89 properties. The collateral properties are located in 22 states, with one state exposure, California (23.7%), representing more than 10.0% of the pool balance. The pool has exposure to all the major property types, wit
