Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and...
April 8, 2020
Asset Manager News & Perspectives
April 8, 2020
April 8, 2020
Procaccianti Hotel REIT Suspends Offering and DRIP
On April 7, 2020, Procaccianti Hotel REIT, Inc. (the “Company”) distributed a letter to the Company’s stockholders and a letter to the broker-dealers participating in the Company’s continuous...
April 8, 2020
‘Clean up on aisle RMD!’: The SECURE Act’s fast track surprised the fund industry, but we don’t mind surprises so much
“We could certainly slow the aging process down if it had to work its way through Congress.” –Will Rogers...
April 7, 2020
“Blend and Extend” Leases Can Save the Property Industry
By now every commercial landlord in the country has likely had an uncomfortable conversation with at least one of their tenants about rent that was due on the first. Businesses around the country...
April 7, 2020
Jones Lang LaSalle Income Property Trust Explains Share Price Decline
In an 8-K filing with the SEC on April 2, 2020, the REIT explains the recent decline in net asset values per share. The following is directly quoted, without editing, from the...
April 7, 2020
Resource Real Estate, LLC Responds to COVID-19
PHILADELPHIA, March 30, 2020 (GLOBE NEWSWIRE) -- Resource Real Estate, LLC (“Resource”), as the sponsor of Resource Real Estate Opportunity REIT, Inc., Resource Real Estate Opportunity REIT II...
Goldman Sachs: US GDP to Plunge 34% in Q2; Unemployment to Peak at 15%
Economists at Goldman Sachs rewrote their already grim estimates for the coronavirus pandemic's economic toll in the U.S., forecasting an even steeper downturn in the first half followed by...
April 6, 2020
That Rent Concession Could Trigger A Loan Liability
An untold number of businesses, retailers and renters will be unable to make their rent this month due to the disruption from the coronavirus. Landlords have been urged to work with tenants...
April 6, 2020
California Apartment REIT Buys Dallas Property After Merging Funds
An affiliate of Irvine, California-based Steadfast Apartment REIT is expanding its portfolio in Texas weeks after the company completed a merger of its three sponsored funds with...
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