RCA in the commercial property press:

San Francisco Troubled Asset Count: 206 Properties

Globe St. reports: As of earlier this month the San Francisco metro was home to 205 troubled assets valued at $3.1 billion, according to a new report this month by Real Capital Analytics. The vast majority of troubled assets were apartments (96 properties) and retail (45 properties) but the list also includes hotel (11 properties), office (20 properties) and industrial (12 properties). The list does not include dozens of Extended Stay America hotels in the region that were added to the list this month due to that 800-plus unit hotel chain’s recent bankruptcy filing. The San Francisco region is ranked 51st overall among US markets in distress as a percentage of total property investment volume, according to the report.

News in the past week here has focused on hotel and office buildings. GlobeSt.com reported that the Renaissance Stanford Court Hotel and adjacent parking garage have been handed to a receiver, Douglas Wilson Cos., which is now overseeing hotel operator Marriott International. Funds of JER Partners paid approximately $93 million in January 2007 for the 393-room luxury hotel on Nob Hill and then spent $32 million completely renovating the eight-story property. Barclays Capital, the lender, says in court documents that the borrower defaulted on its $89-million loan for the acquisition, renovation and operation of the hotel and then essentially walked away from the asset, prompting it to litigate for the foreclosure and sale of the property. The property continues to be operated by Marriott International.