Pending foreclosure wave not as fearsome as its forerunner, 14 expanding retailers, residential rental concessions, joblessness and small business, and some industrial REIT picks.
In Today's News
Why the Pending Foreclosure Wave Won't Be Like the Last One
This report from DS News rounds up some reasons why the expected flood of foreclosures on its way won't be anything like the tsunami that crushed the housing market in the Great Recession.
Why it matters: While an estimated 200,000 to 500,000 foreclosures hitting the market next year is no walk in the park, especially if one of them is yours, it's good to know that this recovery may not take as long as the one that followed the financial crisis that began in 2007.
Here are 14 Retailers Still Expanding Despite the Pandemic
It's a diverse list of national chains -- from Starbucks (NASDAQ: SBUX) to Ulta Beauty (NASDAQ: ULTA) to deep discount grocers and auto parts -- laid out in this roundup by National Real Estate Investor. Good information to know.
Why it matters: CRE operators willing to accommodate with lower rents might be able to secure some of that business. And if they can wait it out, they might get that business even without that accommodation, since retail spending seems to be on the rise, too. You can also see here whether they're tenants of the properties in your favorite real estate investment trusts' (REITs') portfolios.
Zillow Reports Residential Rental Concessions on the Rise
The nationwide listing service says rental concessions of various types are nearly twice as common now as they were in February before the pandemic struck.
Why it matters: Property owners and landlords competing for tenants on Zillow (NASDAQ: Z) (NASDAQ: ZG) are more likely to be offering something like two weeks to two months of free rent versus a lower rental rate itself. Knowing the strategies out there can help you form your own if you're in that situation.
Today on Millionacres
Weekly Jobless Claims and Small Business Concerns Remain High
Millionacres' Maurie Backman looks at the jobless claims and the effects of unemployment on small businesses who depend on retail customers with jobs for their survival.
Why it matters: Commercial landlords depend on those small businesses in vast numbers across the country. Now might not be the time to crack down on late payers. It could be quite some time before that space can be filled again. Working together through the crisis might be the best antidote for these small business ills.
3 Industrial REITs to Buy in September
Millionacres' Matthew DiLallo notes that industrial REITs have so far bucked the downward pressure that has hammered other sectors. He then makes the argument for three issues that may be good buys right now.
Why it matters: Industrial REITs can have very different portfolios from one another. Here's a look at three that have diversity, some very big-name tenants, and solid balance sheets on their side.