Improving management instead of investing capital, Marriott making money, Americold continues its buying spree, the rent-to-price ratio, and New York's coronavirus crackdown.
In Today's News
Multifamily Investors' Plans to Add Value in the Pandemic
National Real Estate Investor says one way for savvy investors to make deals pencil out in a tough market is to target assets where strong management can generate some upside.
Why it matters: These steps for maximizing the asset without capital investment can be of interest to owners and operators of small and large multifamily properties alike.
Marriott Returns to Profitability As Travel Demand Improves
The Wall Street Journal said today that Marriott International (NASDAQ: MAR) turned a profit for the third quarter after posting a loss for the previous quarter as travel demand improved from lows earlier in the pandemic.
Why it matters: The hospitality sector has been among the hardest hit, and perhaps this is a harbinger of more sector recovery to come, which would be welcome news indeed for investors and operators across the country.
Americold Grows Footprint With $480 Million Buy
Commercial Property Executive said today that Americold Realty Trust (NYSE: COLD) has paid $480 million for a New Jersey operation that owns eight facilities encompassing 1.6 million square feet of industrial space, including 545,000 square feet of cooler and freezer components.
Why it matters: Americold is in a hot sector and the only publicly traded real estate investment trust (REIT) of its kind right now. And it's on a buying and building spree. An investment to consider if you're as confident as they are.
Today on Millionacres
Is the Current Market Creating More Buyers or Renters?
Millionacres' Liz Brumer explains how the rent-to-price ratio across the country points to a seller's market in multiple markets.
Why it matters: This kind of intel is what investors need to consider when they're mulling a buy, flip, or rental property.
Will New York's Latest Coronavirus Quarantine Hurt Real Estate Investors?
Millionacres' Maurie Backman describes the strict measures newly put in place and notes that hotels, restaurants, and retailers will all be hurt as the holiday season arrives in the Big Apple.
Why it matters: COVID-19 is surging drastically across America, and New York's move might prove to be a precursor of more to come elsewhere. Buckle up and be safe out there.