Your Daily Digest for Real Estate Investing, 3/26/21
The PPP deadline is extending, industrial rents are rising, a survey quantifies landlords’ problems, mixed income housing options and saying “O” you can see.
In today’s news
PPP receives a further extension until May 31st
The Senate voted between 92 and 7 Thursday to extend the paycheck protection program through the end of May. The move now goes to President Joe Biden. It would have expired next week.
The Millionacres Takeaway: Billions of dollars in forgivable loans are still available for real estate companies and others who can prove their eligibility.
Vacancies are causing industrial prices to rise
Based on a broader economic recovery in 2021, industrial property rents and sales prices will continue to rise, especially in coastal markets with limited supply, reports the Commercial Property Executive.
The Millionacres Takeaway: This is good news for investors in real estate like this, including the popular Industrial REITs (Real Estate Investment Trusts) segment.
Many landlords are under stress
GlobeSt.com reports today on a new survey that found that half of all individual rental home owners in America have residents who have not made payments since March 2020.
The Millionacres Takeaway: We reported in our room about the blows these mom and pop businesses are getting from the pandemic. These numbers confirm what is happening.
Today on Millionacres
Mixed income housing could be a great opportunity for investors
As the need for affordable housing continues to grow, a number of property investors are looking for profitable ways to participate in this sector.
The Millionacres to Take Away: Our Liz Brumer provides background information on this trend that can help you decide where and how to get involved.
Real estate income is picking up speed
Realty Income (NYSE: O) is increasing its acquisition plans 50% year over year this year, adding to the flow of income for this consummate dividend aristocrat. But how far will $ 3.25 billion go for this big retail REIT?
The Millionacres Takeout: Our Reuben Gregg Brewer said, “While it’s nice to see management step up its acquisition plans to capitalize on the retail discomfort caused by the pandemic, the real impact on investors may not be as impressive be as you hope. “