Real Estate Investment Trusts

The bond’s performance shows how rapidly the pandemic is deepening losses in a sector.

A “downturn” may not be the right word when it comes to CRE, says PGIM Real Estate’s Todd Goldberg. A “bifurcation of the market” might be more accurate.

Economic hardships caused by the pandemic are likely to lead to forced house sales and new renters, according to the Wall Street Journal. BlackRock CEO says having more than a quarter of employees managing the firm’s $7.4 trillion in assets from their basements and bedrooms could have a deleterious effect on BlackRock, reports The New York Post. These are among today’s must reads from around the commercial real estate industry.

Economic hardships caused by the pandemic are likely to lead to forced house sales and new renters, according to the Wall Street Journal. BlackRock CEO says having more than a quarter of employees managing the firm’s $7.4 trillion in assets from their basements and bedrooms could have a deleterious effect on BlackRock, reports The New York Post. These are among today’s must reads from around the commercial real estate industry.

The alternative asset manager is soliciting interest from potential suitors to buy Agro Merchants Group.

While U.S. stores and factories are getting back to normal occupancy, offices are lagging, reports the Wall Street Journal. Election-induced volatility may give the dollar a reprieve from its months-long decline, according to Reuters. These are among today’s must reads from around the commercial real estate industry.

Unibail-Rodamco-Westfield is betting on a deleveraging plan to would bring its LTV down to 30.9 percent.

Respondents have a more bullish view for the long-term prospects for the sector.

The National Multifamily Housing Council rent payment tracker found 86.2 percent of apartment households made a full or partial rent payment by September 13. Hoteliers fear a wave of closures in the sector due to falling occupancy rates, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

That math will become easier for developers if more distressed properties become available at a steep discount.