In Today's News
Walgreens (NASDAQ: WBA) is plowing ahead in these turbulent times with a $1 billion investment in 500 to 700 full-service doctor's offices within the walls of its drug stores.
Why it matters: Health care truly is an "essential business," and Walgreen's move to add full-service doctor's offices within its walls make these retail locations an even more attractive anchor for investors who can host them or do business next door.
This Wall Street Journal report touts life sciences operations as a great antidote for portfolios pummeled by the pandemic's effects on hotels and shopping centers.
Why it matters: Same story as the item above, only from the industrial space perspective. If you can tap that trend, now's the time.
Occupancy rates were rising, and skies were brightening, but now many states are seeing huge spikes in COVID-19, forcing new shutdowns there and quarantines against their residents going elsewhere. People are again largely staying put.
Why it matters: Hotels and motels are often owned and operated locally. Their distress is felt far beyond their own walls as jobs and tax revenue dwindle, not to mention the impact of empty properties on adjacent parcels.
Today on Millionacres
Millionacres' Maurie Backman provides a succinct roundup on the latest thinking on how commercial real estate could be changed by social distancing requirements.
Why it matters: Space, new layouts, ventilation… these are all things that people who rent space to other people to serve more people are simply going to have to provide if their properties are to survive, much less thrive.
Millionacres' Brad Cartier parses the latest from a range of stakeholders in the multifamily housing industry to provide a look at short- and long-term prospects.
Why it matters: Data helps direct informed decisions on where to invest and what to avoid. This is a high-line look at trade group stats that can help you decide where to look deeper on your own for information and prospects.
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