A number of real estate investment trusts are expected to sell commercial mortgage-backed securities through the Federal Reserve's Term Asset-Backed Securities Loan Facility, said Steven Wechsler, CEO of the National Association of Real Estate Investment Trusts. The deals would be the first for CMBS since the market shut down last year during the credit crunch. "If the first deals are successful, we think we can get $10 [billion] to $25 billion done in the next six months," said Kenneth Rosen, who runs a hedge fund in real estate securities. "The current pipeline is about $3 billion."

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