Real estate investment trusts turned to revolving credit lines to stay afloat amid the coronavirus pandemic as they collectively drew down $37.19 billion in this year’s first quarter, analysis shows.

COVID-19 spread across the US in the beginning of the year with the World Health Organization declaring the disease a pandemic on March 11. To stop the spread of the new coronavirus, states and local governments closed non-essential businesses.

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Lidia Dinkova

Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.

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