The level of rent collection by U.S. REITs was about the same in May as it was in April, according to a survey just released by Nareit, an industry trade group. The survey covered six commercial real estate property sectors and compared the rents collected in May to those of a typical month prior to the pandemic.
Apartment REIT rent collections were also strong in May, remaining at 95% of a typical month and basically flat with April collections. Apartment landlords responding said they granted rent deferrals for 3% of rent owed. Single-family rentals and lower income apartments not owned by REITs have not fared as well.
Retail is another story. The sector is divided into free-standing retail, which are mostly convenience stores, restaurants and pharmacies, shopping centers, which are usually anchored by a supermarket, and regional malls.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
For Latinos who've lost jobs or whose businesses are at risk, here are resources to knowA greater share of Hispanics work in sectors that have been hard hit by coronavirus shutdowns, like hospitality, dining and retail, and many are small business owners. CNBC What about everybody else that is not Latino or Hispanic? Should we stop listening to NBC? CNBC what about the 800K legal immigrants from India waiting for a GreenCard since the last 10 years? When will you write about us and how SenatorDurbin is blocking S386 which increases our wait time to 100 Yrs? Is our only option to self deport? are we not people? CNBC The right to sue China and not vote for Democrats.
Source: NBCNews - 🏆 10. / 86 Read more »
Real estate is still a popular investment pick. Here's what you need to know about buying in a downturnThe coronavirus pandemic has made us all a lot more familiar with our homes, while also throwing up many questions over the future of the property market. MakeIt Wait for more checks from the government is what I planned. They need to hurry up and give me more. DemsAreCorrupt DemsAreDestroyingAmerica MakeIt Especially when CCP investor are looking to unload their foreign assets which they had flipped while driving up demands and properties price. MakeIt 1. Wait for the actual downturn.
Source: CNBC - 🏆 12. / 72 Read more »