In Today's News
Residential rent payments as of July 10 were 26% below the same point in March, right before the coronavirus pandemic caused sudden, massive unemployment.
Why it matters: This is a big database -- 620,000 rental properties nationwide -- and it shows how many Americans' ability to make their rent is deteriorating. That's terrible news for them and for the landlords and property managers who depend on that income.
Sam Zell, founder of Equity Group Investments, says he expects a U-shaped economic recovery to begin in the fall and that the pandemic is making deals tough to strike because valuations, based on business prospects, are now so uncertain.
Why it matters: Zell, like so many of us, is basing his hopes on a vaccine. Information on those developments is widely available, but the man credited as the "architect of the modern real estate investment trust" is particularly worth listening to as real estate investors formulate their own strategies for the turbulent months ahead.
Mall operator Brookfield Properties (NASDAQ: BPY) is partnering with entertainment provider Kilburn Live to turn parking lots into drive-in theaters, putting empty space to hopefully profitable use.
Why it matters: Creatively repurposing unused, or underused, commercial property perhaps has never been so important. Reading about ideas like these might inspire different iterations on that theme for you.
Today on Millionacres
Millionacres' Matthew DiLallo lays out the case for three very different REITs that may hold a similar promise of growth and income.
Why it matters: With interest rates at rock-bottom lows, stock dividends may be an attractive alternative for some of the dollars that otherwise would be idling. Growth is nice, too.
Millionacres' Aly Yale shares how socially marketing yourself can help your real estate investing prowess expand by growing contacts, opportunities, and even funding. In fact, especially at first, it might be the only way.
Why it matters: Simply put, as millionaire investor Cody Sperber tells Aly, if not, "you're missing out on tremendous income and opportunity."
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