(Bloomberg)—Landlords may evict roughly 750,000 U.S. households by the end of the year, as lapsing eviction bans and high demand for rental housing push property owners to remove tenants, according to analysts at Goldman Sachs Group Inc.
Currently, as many as 3.5 million households are behind on rent, with landlords owed as much as $17 billion, the analysts estimated in an Aug. 29 note.
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On Aug. 4, the Treasury Department, and Internal Revenue Service (IRS) surgically nipped and tucked the regulations governing qualified opportunity zone funds (QOFs) which, while precise and limited to two specific sections, arguably results in a complete face lift to the way QOFs must operate. In general, a QOF is a corporation or a partnership that self-certifies to the IRS that it meets a litany of requirements set forth in the Internal Revenue Code (the code) and Treasury regulations promulgated thereunder.
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The data center and telecommunications industries are having trouble acquiring the optical fiber cables needed for network infrastructure, the result of lingering manufacturing and supply chain disruptions caused by the coronavirus pandemic.
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The federal government, the largest occupier of commercial office space in the U.S., is re-evaluating its post-pandemic workplace strategy in a process that could lead to reduced footprints and depressed office demand in Washington, D.C., and across the country.
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To really understand the future of the office, one must first get their head around an often overlooked fact: The office isn’t only a place of work.
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As New Eviction Moratorium Is Ushered In, Frustrated Landlords Are Still Waiting For Rental Assistance
It’s a welcome reprieve for some tenants, but another blow for landlords struggling with delinquent rent and payments of their own. Billions of dollars in rental assistance have been made available, yet the glacial pace of distribution has left landlords wondering if relief will ever come.
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Brookfield Asset Management is targeting some big numbers with its real estate strategy in the coming years.
The private equity giant will look to raise $25B from real estate sales over the next five to seven years, Brookfield CEO Bruce Flatt said in his quarterly letter to shareholders. As of the close of Q2, BAM reported $30B of equity invested in real estate, through a combination of direct ownership and investment funds.
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The FTSE Nareit All Equity REITs Index rose 4.36 in July, pushing year-to-date returns for the index over 25 percent as publicly-traded REITs across all sectors continued their strong recent runs. The only blemishes for the month came from lodging REITs (down 5.93 percent) and regional mall REITS (2.62 percent) as the rise of the Delta COVID-19 variant took some of the wind out of the sails of the broader economy. Still, both sectors remain up year-to-date, with lodging REITs up 10.33 percent and regional mall REITs up 50.77 percent.
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The world of commercial real estate data is becoming more consolidated.
Investment analytics firm MSCI has agreed to acquire Real Capital Analytics, which has a more specific focus on commercial real estate, for $950M in an all-cash transaction, the companies announced on Monday. The deal is expected to close at the end of the third quarter or early in the fourth quarter.
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Investors are so eager to buy self-storage properties, they are willing to pay high prices based on potential future income, even before the properties reach stabilization.
For example, Rearden Capital Corp., a New York-based investment firm, recently received multiple bids for two self-storage properties in the Dallas-Fort Worth metro area.
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