NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 15 classes of CGCMT 2018-C5 (see ratings list below), a $668.2 million CMBS conduit transaction collateralized by 39 commercial mortgage loans secured by 45 properties. The collateral properties are located in 21 states, with four state exposures each representing more than 10.0% of the pool balance: New York (15.7%), Ohio (13.1%), New Jersey (12.2%), and California (11.3%)
