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January 11, 2021

The Pandemic Is Killing The Master Lease Model Of Short-Term Rentals

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As the rousing success of Airbnb’s initial public offering has shown, the short-term rental market hasn’t suffered as deeply as the greater hospitality industry. But one type of short-term rental business may not survive this recession.

The Pandemic Is Killing The Master Lease Model Of Short-Term Rentals

Some companies founded in the previous growth cycle have built their portfolio of rooms by leasing blocks of apartments from multifamily landlords, furnishing and managing those rooms for stays averaging a couple of days. These “master lease” companies have faced a similar problem with their business model as 

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Lerner Reaches Deal With MGM For Nationals Park Sportsbook

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The home of the Washington Nationals will soon feature a sportsbook, the latest facility planned following D.C.'s legalization of sports betting. Lerner Sports Group, the owner of the Nationals, reached a deal with BetMGM to open a sportsbook at >

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JBG Smith Buys Arlington Hotel, 2 Apartment Buildings

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JBG Smith, the developer behind Amazon HQ2 and much of the National Landing neighborhood, is continuing to scoop up properties in Arlington.  The REIT acquired The Inn of Rosslyn, the Williamsburg Apartments and the Fern…

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U.S. Government Urges Data Center Efficiency Programs

 

Nestled in a 5,593-page federal spending bill approved last month were several provisions that could tighten energy standards for data centers.

The $2.3 trillion Consolidated Appropriations Act, which included $900B in coronavirus relief measures, was signed into law on Dec. 27. As part of a section on energy policy, the sweeping bill establishes a “data center energy practitioner program,” which would certify experts in data center efficiency, among other provisions.

“Those skills exist in consultancies or large companies, but they’re not available to some of the smaller data centers out there,” said Eric Masanet, a professor at Northwestern University who studies data center energy consumption. 

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'Brace Yourself': Economists React To December Jobs Report On Twitter

Total nonfarm payroll employment declined by 140,000 jobs in December, the U.S. Bureau of Labor Statistics reported Friday. The unemployment rate was unchanged from November and remains at 6.7%.

Economists and others took to Twitter to react to the December jobs report, the first released in 2021.

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