Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 27

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 27
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. Construction loans provide a stream of funding for properties not fully leased at origination to support debt service payments over the term of the contract or project. As of September 30, 2025, 75% of our construction portfolio are multi-family project loans. Our office exposure only represents 4% of commercial real estate loans at period end.

As shown in Figure 9, our commercial real estate loan portfolio includes various property types and geographic locations of the underlying collateral. These loans include commercial mortgage and construction loans in both Consumer Bank and Commercial Bank.

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Figure 9. Commercial Real Estate Loans

 Geographic RegionTotalPercent ofTotalConstructionCommercialMortgageDollars in millionsWestSouthwestCentralMidwestSoutheastNortheastNationalSeptember 30, 2025Nonowner-occupied:Data Center$— $— $152 $— $14 $— $512 $678 4.2 %$245 $433 Diversified1 — — 29 — 11 118 159 1.0 — 159 Industrial37 1 53 147 196 205 104 743 4.6 78 665 Land & Residential9 6 13 8 6 19 — 61 0.4 43 18 Lodging32 — 8 4 43 50 65 202 1.2 — 202 Medical Office35 — 31 1 20 50 43 180 1.1 — 180 Multifamily1,257 460 1,228 1,276 1,713 1,267 354 7,555 46.7 2,125 5,430 Office84 1 116 71 84 208 113 677 4.2 — 677 Retail126 29 87 270 71 214 297 1,094 6.8 43 1,051 Self Storage36 — 15 7 59 16 181 314 1.9 18 296 Senior Housing90 64 54 115 162 81 96 662 4.1 95 567 Skilled Nursing— — — 48 181 131 102 462 2.9 — 462 Student Housing16