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May 7, 2020

Hotels Start A Road To Recovery That Could Last Until 2024

[Webinar] How Can Owners And Investors Protect Their Properties While Also Accommodating Tenants Who May Be Facing Financial Hardships Due To The Coronavirus? Experts Weigh In At Our Operating Multifamily Assets During Uncertain Times Webinar May 12

Hotel occupancies and revenues are at unprecedented crisis levels, but there are signs that what is sure to be a long, painful recovery is starting to begin.

Hotels Start A Road To Recovery That Could Last Until 2024

The week ending May 2 saw national hotel occupancy drop by 58.5% to 28.6% year-over-year, according to hotel data tracker STR. Average daily room rate dropped by 44% to $74. Revenue per available room, known as RevPAR, is down to an average of $21, a nearly 77%…

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Want To Reopen Your Office Building? Here's A Post-Pandemic Shopping List To Get Ready

Want To Reopen Your Office Building? Here's A Post-Pandemic Shopping List To Get Ready

Office space will be reinvented in a post-pandemic environment, but the immediate needs of office occupants will be more straightforward: equipment necessary to provide safe environments for workers returning to offices over the next weeks and months.The supplies office owners and property managers say they need or want varies…

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Malls Will Be Different When They Reopen — If They Reopen At All

Malls Will Be Different When They Reopen — If They Reopen At All  

Malls in about a dozen states began reopening late last week, attracting shoppers to an environment vastly changed over the last six weeks.Now, shoppers are encountering signs warning them to maintain social distancing, stickers and tape on the floor advising them where to stand or walk, and…

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Why Some Developers Are Breaking Ground On New Projects During A Pandemic

WASHINGTON, D.C. — Some U.S. cities have halted construction activity during stay-at-home orders to slow the spread of the coronavirus. But in the D.C. area, not only have ongoing projects been allowed to continue, developers are breaking ground on several new projects, despite the pandemic and consequent economic collapse.

Development timelines mean it will be about two years before the projects deliver, and developers believe that will be an advantageous time to bring apartments to the market.  

"You can't time these cycles perfectly, but I do think for the stronger developers with better-placed product hitting the market, there will be less competition," Neighborhood Development Co. CEO Adrian Washington said. "And when we do recover these projects will do really well."

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Tenant Risk Is Everything Today, And These Startups Are Helping You Measure It

It is the question on every property owner’s mind right now: Are my tenants able to keep paying the rent? 

Tenant risk is the single most important factor in real estate, which the coronavirus crisis has bought into sharp focus by forcing tenants in multiple sectors to close virtually overnight.

For many years, real estate has been ignoring the importance of tenant risk, or has been measuring it the wrong way, according to some in the industry. And in the midst of the crisis, proptech firms are trying to change the way owners look at risk.

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