PPP deadline gets extended, industrial rents on the rise, a survey quantifies landlord woes, mixed-income housing opportunity, and "O" say can you see.
In Today's News
PPP Gets Another Extension to May 31
The Senate voted 92-7 Thursday to extend the Paycheck Protection Program to the end of May. The measure now goes to President Joe Biden. It would have expired next week.
The Millionacres takeaway: There's still billions of dollars in forgivable loans available for real estate businesses and others who can prove their eligibility.
Vacancies Drive Industrial Pricing Surge
Bolstered by a broader economic recovery in 2021, rents and sale prices will continue to grow for industrial properties, particularly in supply-constrained coastal markets, Commercial Property Executive reports.
The Millionacres takeaway: That's good news for investors in those kinds of properties, including the popular industrial REITs (real estate investment trusts) segment.
Many Rental Housing Owners Are Under Stress
GlobeSt.com reports today on a new survey that found that half of America's individual rental home owners have residents who have missed payments since March 2020.
The Millionacres takeaway: We've been reporting in our space about the beating these mom-and-pop businesses are taking from the pandemic. These numbers bear out what's happening.
Today on Millionacres
Mixed-Income Housing Could Be Big Investor Opportunity
As the need for affordable housing continues to climb, a number of real estate investors are looking for profitable ways to participate in this sector.
The Millionacres takeaway: Our Liz Brumer provides background on this trend that can help you decide if you want to get involved, where, and how.
Realty Income Is Picking Up the Pace
Realty Income (NYSE: O) is ramping up its acquisition plans by 50% this year over last, adding to the income flow for this accomplished Dividend Aristocrat. But how far will $3.25 billion go for this big retail REIT?
The Millionacres takeaway: Our Reuben Gregg Brewer says this: "While it's nice to see management amp up its acquisition plans to take advantage of the pandemic-driven retail malaise, the actual impact for investors probably won't be quite as impressive as you might hope."