PPP deadline gets extended, industrial rents on the rise, a survey quantifies landlord woes, mixed-income housing opportunity, and “O” say can you see.
In Today’s News
The Senate voted 92-7 Thursday to extend the Paycheck Protection Program to the end of May. The measure now goes to President Joe Biden. It would have expired next week.
The Millionacres takeaway: There’s still billions of dollars in forgivable loans available for real estate businesses and others who can prove their eligibility.
Bolstered by a broader economic recovery in 2021, rents and sale prices will continue to grow for industrial properties, particularly in supply-constrained coastal markets, Commercial Property Executive reports.
The Millionacres takeaway: That’s good news for investors in those kinds of properties, including the popular industrial REITs (real estate investment trusts) segment.
The Millionacres takeaway: We’ve been reporting in our space about the beating these mom-and-pop businesses are taking from the pandemic. These numbers bear out what’s happening.
Today on Millionacres
As the need for affordable housing continues to climb, a number of real estate investors are looking for profitable ways to participate in this sector.
The Millionacres takeaway: Our Liz Brumer provides background on this trend that can help you decide if you want to get involved, where, and how.
Realty Income (NYSE: O) is ramping up its acquisition plans by 50% this year over last, adding to the income flow for this accomplished Dividend Aristocrat. But how far will $3.25 billion go for this big retail REIT?
The Millionacres takeaway: Our Reuben Gregg Brewer says this: “While it’s nice to see management amp up its acquisition plans to take advantage of the pandemic-driven retail malaise, the actual impact for investors probably won’t be quite as impressive as you might hope.”
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