Apartments / Page 23

The coronavirus pandemic has upended the commercial real estate economic outlook for 2020 with mass layoffs, decreases in consumption, and a downturn in economic activity. This unique and unprecedented period has the potential for 18 months of disruption, and many leading financial institutions predict a recession. Although many like to compare today’s economic troubles to […]

COVID-19 has impacted and created uncertainty everywhere, including commercial real estate. To keep our clients as up-to-date as possible on on market news and investor insights, we conducted a survey involving our database of 96,000 CRE professionals to gather feedback, here’s our summary of the key findings.  Click Here to Explore the Results

With over 40 million Americans sheltering-in-place in their apartment homes, updated data from the National Multifamily Housing Council (NMHC) shows that despite COVID-19 and the subsequent economic crisis, most renters are completing their rent obligation. As of April 19th, 89 percent of renters had made a full or partial payment, up five percent from last […]

Click here to download full report COVID-19 has impacted the U.S. economy and has affected millions of Americans. While it’s difficult to determine how many of the 40 million apartment renters have been negatively affected, it’s clear that many will face financial hardships. The data provided by the National Multifamily Housing Council (NMHC), which is […]

With ongoing COVID-19 events affecting millions of Americans, unprecedented circumstances are following. So far, 16 million Americans have filed for unemployment, and 93 percent of the population has been mandated to shelter-in-place, affecting the 40 million renters in the United States. The multifamily industry is playing a large role by seeking federal relief for both […]

Last week the IRS issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses. COVID Relief for taxpayers claiming NOLs Revenue Procedure 2020-24 (PDF) provides guidance to taxpayers with net operating losses that are carried back under the CARES Act by providing procedures for: waiving the carryback period in the case […]

On March 27th, 2020 President Trump signed into law a historic $2 trillion stimulus package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This stimulus package will help jolt the sudden stop we’ve seen in economic activity in the U.S., reduce the risk of a larger decline in employment, and aid in a post-virus […]

Through most of the U.S. economic expansion, the apartment sector has been a favored asset class. Investors were excited about renter growth and millennial increases in urban locations, and as a result, investment in mid to high-rise properties surged. However, before the fears of the coronavirus pandemic took hold, the apartment deal activity in February […]

Events are quickly unfolding surrounding the COVID-19 outbreak, with a growing impact across the globe. As coronavirus pressures mount, firms have curtailed travel, schools have closed, and people are practicing social distancing. As a result, consumer spending has decreased as people stay home, thus causing a ripple effect throughout the economy and commercial real estate. […]