2020 tax season concerns, CRE giant links up with co-working startup, moving back in with Mom, three REITs that rock, and Thanksgiving at home.
In Today's News
Prepare for 'Mental Gymnastics' When 2020 Tax Season Rolls Around
This Bisnow article explains how uncertain property values and tenant finances, all a mess from the tragic sweep of COVID-19 across America, can make tax season even more onerous than usual.
Why it matters: The experts quoted here say that CRE owners need to be ready to work with local tax authorities to be sure properties are not being over- or under-appraised.
Cushman & Wakefield (NYSE: CWK) Partners With Co-Working Startup
The Wall Street Journal says the CRE services giant's alliance with Industrious is a bid to build market share in co-working as that model for office use morphs to fill office needs dramatically affected by the pandemic.
Why it matters: This move is interesting from two angles: Cushman & Wakefield's potential as a stock investment, and as a learning tool for other CRE operators and tenants who want to follow along to see if it makes sense for them.
More Young Folks Moving Back In With Their Folks
The Pew Research Center says a majority of America's 19 to 29 year olds -- 52% -- are now living at home, a jump of 5 percentage points from just before the coronavirus came calling.
Why it matters: This GlobeSt.com report notes that Pew's research aligns with recent findings from Zillow (NASDAQ: Z) (NASDAQ: ZG). How temporary this move back home will be, and its impact on the multifamily and homebuying market, may well depend on how quickly the economy can rebound from the pandemic.
Today on Millionacres
3 REITs That Will Make You Rich
Realty Income (NYSE: O), American Tower (NYSE: AMT), and Public Storage (NYSE: PSA) are successful real estate investment trusts (REITs) that have what it takes to keep on cranking out income and growth for those who buy and hold.
Why it matters: Millionacres' Matt Frankel, a seasoned investor, explains why these three stocks could be millionaire makers.
Simon Property Group Closes for Thanksgiving. Should Investors Cheer or Jeer?
Mall owner Simon Property Group (NYSE: SPG) says it will shut its properties on Thanksgiving Day so employees of the tenant stores can spend the holiday at home.
Why it matters: Millionacres' Maurie Backman weighs both sides of the argument and comes out in favor of the move, saying the abundance of COVID-19 caution and goodwill generated by leaving the holiday a holiday makes sense for the company and those who own it.