Fueled by continued strong performance among regional mall, self-storage and data center REITs, the FTSE Nareit All Equity REITs Index rose 2.08 percent in August, continuing what has been a strong bounce back year for the industry.
In early September, the Index was up 30 percent year-to-date, although declines in recent days have pushed the figure back down below that threshold. As of Friday, Sept. 10, the index was up 26.63 percent for the year.
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Empty Lobbies, Untouched Doughnuts And Shattered Plans: Offices Stayed Quiet The Day After Labor Day
As Ardent Cos. Managing Director Mike Guynn strolled around the manicured grounds of his firm's Piedmont Center 1 office building in Atlanta Tuesday morning, the property around him was largely quiet.
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Commercial property values are more resilient nationwide than headlines about the coronavirus and the unsettled state of the world might otherwise indicate, valuation experts say.
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(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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