Real Estate Investment Trusts

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.

The Wall Street Journal goes inside a New Mexico nursing home where residents and the providers who care for them struggle with the effects of the virus. House Democrats will forgo recess to close a deal with Republicans on a new coronavirus aid bill, reports Reuters. These are among today’s must reads from around the commercial real estate industry.

Apparel stores, fitness studios and hair salons continue to be among many retailers struggling to pay rent.

Jobs most at risk of being replaced by machines include hotel desk clerks, shuttle drivers, retail salespersons and parking attendants.

The parent company of New York Sports Clubs has filed for bankruptcy, reports the Wall Street Journal. Amazon plans to hire 100,000 more workers to keep pace with e-commerce demand, according to Reuters. These are among today’s must reads from around the commercial real estate industry.

The firm is in negotiations to acquire about 40 mobile home parks, most in Florida, from Summit Communities.