
Coverage
Analyses on Arazim (3)
- March 19, 2026March 19, 2026
- Follow-up
Arazim: What Really Remains of Capella's Rent After June 2027
After June 2027 Capella is not supported by the 2025 rent roll, but by a market-rent base that is about 20.6% lower and, for some assets, only returns after a transition period.

- Follow-up
Arazim: Who Really Sits First in Line for Cash Through April 2027
The actual balance date ended Series 4's old priority inside the running settlement waterfall, but through April 2027 Series 4 is still closer to cash because it keeps receiving running principal while Series 2 remains much more back-ended.

Arazim 2025: Rent Is Stable, but the 2027 Question Is Still Open
Arazim currently has relatively stable rental cash flow, but 2027 still depends on refinancing rather than on organic cash generation.

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