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5 at 5: Your Daily Digest for Real Estate Investing, 1/21/21


Jan 21, 2021 by Marc Rapport
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Casinos in Manhattan, small businesses struggle, an epically bad year for hotels, the CDC eviction ban, and a choice between healthcare REITs.

In Today's News

A Casino in Manhattan? Strapped Developers Hope So

With commercial real estate slumping, casino interests are lobbying the state to grant early approval for city-based casinos, The New York Times reports today.

Why it matters: There are several potential properties for this kind of reuse, including one owned by the Vornado REIT (NYSE: VNO). The governor's budget proposal includes requests for information on the idea. It could happen.

Alignable: 49% of Minority-Owned SMBs Unable to Pay January Rent

For the second month in a row, 49% of minority-owned businesses were unable to pay their full rent on time, compared to 35% of women-owned businesses and 31% of nonminority-owned businesses.

Why it matters: This poll from Alignable surveyed 10,325 small business owners. So many businesses unable to pay their rent is a very bad thing for them as well as all the landlords relying on their income, and the pain is being felt across multiple business segments.

2020 Wraps As Worst Year Ever for the Hotel Industry

The U.S. hotel industry reported all-time lows in occupancy and revenue per available room and for the first time surpassed 1 billion unsold room nights in a year, according to the STR data-tracking firm.

Why it matters: Hospitality REITs (real estate investment trusts) are among the beaten-down prospects for future growth that investors are considering. They're in an industry that's got a lot of recovery ahead of it.

Today on Millionacres

Biden Moves to Extend Eviction Ban: What Investors Can Do

The CDC says it will honor President Joe Biden's request that it extend its ban on residential evictions through the end of March. It was to expire on Jan. 31.

Why it matters: Milllionacres' Aly Yale explains that while it's probably still possible to evict a tenant if you really want to, it's not guaranteed or quick. If you're facing a nonpaying tenant who's hurting your cash flow, taking a more lenient, flexible approach is probably going to be more successful.

Better Buy: Healthpeak Properties vs. Omega Healthcare Investors

Healthpeak Properties (NYSE: PEAK) has a yield of 4.9%. Omega Healthcare Investors (NYSE: OHI) offers a far more generous 7.5%. Neither REIT cut their dividend in 2020, despite the huge coronavirus pandemic headwinds facing the healthcare REIT sector. But which one is the best long-term investment? Yield alone won't tell you that.

Why it matters: Millionacres' Reuben Gregg Brewer pops the hood on the numbers and strategies here to make his pick, and it could help you make yours if you're considering either or both of these.

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Marc Rapport owns shares of Healthpeak Properties, Inc. The Motley Fool recommends Healthpeak Properties, Inc. The Motley Fool has a disclosure policy.