The coronavirus pandemic continued to weigh on U.S. hotel performance for the week ended April 11, according to weekly data released by STR, which tracks the...
April 21, 2020
Asset Manager News & Perspectives
April 21, 2020
April 21, 2020
Morgan Stanley CEO Sees a Future for the Bank With ‘Much Less Real Estate’
James Gorman is hesitant to make predictions about the future with so much about the coronavirus pandemic still uncertain. One thing is clear, however: Morgan Stanley will have...
April 21, 2020
FS Credit Real Estate Income Trust Letter to Stockholders Concerning COVID-19 and CRE Market
The following letter was sent to stockholders on April 16, 2020: Fellow Stockholder...
April 21, 2020
Hines Global Income Trust Lowers NAV per Share to $9.84 from $10.24
In an 8-K filing on April 16, 2020, Hines Global Income Trust, Inc. announced a new NAV per share for each class of its common stock as of March 31, 2020, at $9.84. The February 29, 2020...
April 20, 2020
NMHC Rent Payment Tracker Finds Rent Payment Rate at 93 Percent of Prior Month
WASHINGTON--(BUSINESS WIRE)--The National Multifamily Housing Council (NMHC) found that 84 percent of apartment households made a full or partial rent payment by April 12...
April 20, 2020
COVID-19 Presents Unique Challenges to the Healthcare Real Estate Sector
As the pandemic continues to spread, its impact on medical office buildings (MOBs) is posing a set of challenges unique to this asset class and...
April 20, 2020
Office Tenants of All Sizes Are Asking for Rent Relief. Some Institutional Owners Are Offering Them Deferrals
With the COVID-19 shutdown interrupting business operations across a large swath of industries, office tenants have begun seeking rent relief. For example, Kenneth S. Fields, Los Angeles attorney...
April 20, 2020
Freddie Mac Revises Multifamily Forbearance Program, ABA Urges Extension of PPP
Freddie Mac revised its multifamily coronavirus forbearance program to ensure borrowers do not evict, give notice of or start an eviction of a tenant for nonpayment during the forbearance period due to...
April 17, 2020
New York City REIT Schedules Virtual Stockholders Meeting for May 11
New York City REIT, Inc.’s 2020 annual meeting of stockholders was called to order on April 15, 2020, and adjourned to Monday, May 11, 2020, at 8:30 a.m....
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