The slow reopening of the economy in New York City appears to have led to a slight improvement in residential rent collection for July, although...
July 28, 2020
Asset Manager News
July 28, 2020
July 28, 2020
Amount of Office Sublease Space Rises Rapidly in Some Markets in Response to Sputtering Economy
The amount of available sublet office space nationwide is growing as tenants downsize their office footprints. This is happening as a result of expanded remote working policies...
July 28, 2020
Blackstone Holds Record $156 Billion Dry Powder, Emphasizes ‘COVID-resilient’ Sectors
The Blackstone Group Inc. holds an industry record $156 billion in dry powder, but it is too early to deploy capital into distressed assets, President and COO...
July 28, 2020
CIM Income NAV Declares July Distributions
The distribution rate is intended to maintain a uniform percentage of the net asset value per share...
July 27, 2020
Industrial Property Trust Completes Liquidation with $1.18 Distribution
In a letter to shareholders on July 21, 2020, Industrial Property Trust, Inc. announced the completion of its liquidation. The following is from...
July 27, 2020
MacKenzie Realty Capital’s Press Release Regarding Suspended Distributions
The Company on July 23, 2020, issued the following press release: As we begin the 3rd calendar quarter of 2020, we’d like to remind you...
July 27, 2020
US CRE Deal Volume in Q2 Slides 68% YOY Amid Pandemic – RCA
U.S. commercial real estate deal activity in the second quarter was severely impacted by the coronavirus pandemic, with the transaction volume tumbling...
July 27, 2020
NMHC Rent Payment Tracker Finds 91.3 Percent of Apartment Households Paid Rent as of July 20
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 91.3 percent of apartment households made a full or partial rent payment by...
July 23, 2020
COVID-19 Impact on Self Storage Rents Eases
Although the coronavirus outbreak continued to put pressure on the self storage industry, rents did not fall as drastically in June compared to previous months. On a year-over-year basis, street rates...
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