Asset Manager News & Perspectives

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...

July 23, 2020

Prologis CEO foresees more retail-to-industrial conversions, but no ‘surge’

Expect to see some conversions of moribund or vacant commercial space into industrial warehouses for distribution, but not a "surge," Prologis Inc.'s leadership said...

July 23, 2020

Banks Eye Ditching Real Estate With Workers Wanting to Stay Home

U.S. bankers are planning to cut back on real estate to prepare for a world in which fewer workers make a daily commute to...

July 22, 2020

Pacific Oak Residential Trust Acquires Portfolio of 196 Single-Family Rental Homes in Illinois

CHICAGO (July 22, 2020)— Pacific Oak Residential Trust, Inc., a wholly owned subsidiary of Pacific Oak Strategic Opportunity REIT, Inc., announced the acquisition of...

July 22, 2020

Pacific Oak Strategic Opportunity REIT II Sets Date for Merger Vote

Pacific Oak Strategic Opportunity REIT II Inc. (SOR II) will hold a special shareholder meeting on October 1 to, among other things, vote on its planned merger with...

July 20, 2020

Griffin Capital Essential Asset REIT Updates NAV, Reinstates Distribution Reinvestment Plan

On July 16, 2020, Griffin Capital Essential Asset REIT, Inc. (“GCEAR”) announced an updated NAV per share of $8.86 as of June 30, 2020, a decrease from...

July 17, 2020

Strategic Storage Trust IV Enters Four JV Projects with SmartCentres REIT in Greater Toronto

Pursuant to a joint venture arrangement with SmartCentres Real Estate Investment Trust (“SmartCentres REIT”), subsidiaries of Strategic Storage Trust IV, Inc....

July 17, 2020

Americans Prefer Quick Service Chains to Full Service Restaurants Amid Pandemic

Quick service restaurant chains in the US are seeing less of a decline in customers than their full-service counterparts, likely due to features that make it easier to carry out...