NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to seven classes of CGCMT 2019-SMRT, a CMBS single asset, single borrower (SASB) transaction. The collateral for the transaction is a $644.1 million, non-recourse, first lien mortgage loan secured by the borrower’s interests in 101 self-storage properties. The borrowers have a fee simple interest in all of the properties except for one property that is secured by the borrower’
