For assets leased by essential service providers, the cap rates haven’t changed, says one market insider. “But if there’s any kind of hair on the deal… it’s not doing well.”
While many tenants were able to pay rent in April, continuing shutdowns mean more federal assistance might be necessary to help workers forced to stay at home.
Arne Sorenson said the company is working on new ways to protect hotel guests and workers.
COVID-19 has revealed a key weakness in discount retailers’ playbook: almost no e-commerce.
Demand for self-storage properties was higher than usual in March, even as much of the U.S. economy shut down.
Wynn Resorts CEO Matt Maddox would like the Las Vegas strip to re-open in May.
Singapore’s data center REITs are benefitting from people staying at home.