Real Estate Investment Trusts

Investors are acting on the growing conviction that the Federal Reserve will skew its bond-buying program to the long end.

“Virtual reality game proves that I’d fail as a real landlord,” our writer declared.

MGM Resorts posted a 91 percent decline in quarterly revenue, reports the Wall Street Journal. SL Realty is looking to sell an office property in the Hudson Yards area, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.

The company has reached an agreement with a majority of its senior creditors on a restructuring plan.

Fannie Mae reported a partial recovery in earnings in the second quarter, according to the Wall Street Journal. The majority of REITs will be dealing with water scarcity within a decade, reports Chief Investment Officer. These are among today’s must reads from around the commercial real estate industry.

Goldman Sachs is partnering with Dalfen Industrial to buy 46 “last-mile” industrial facilities valued at about $500 million.

Industry groups have responded to a proposed bill that will help distressed CMBS borrowers remain current on their loans.

David Bodamer speaks with Phil Colicchio and Trip Schneck on the outlook for independent restaurants and food halls amid the COVID-19 fallout.

Washington lawmakers introduced a bill that would provide create a government-backed funding vehicle for struggling CMBS borrowers, according to the Wall Street Journal. Retailers that have introduced policies requiring masks in stores are finding them challenging to implement, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.

In the second quarter, the U.S. homeownership rate jumped to 67.9 percent, according to the Census Bureau.