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The growth numbers for most of the top 25 global retailers in the first quarter of 2020 looked bleak as the effects of COVID-19 are showing. Experts are expressing optimism moving forward.
The bar group's president said the deal was being terminated after the buyer "failed to attend or tell us they weren't going to be there" at a virtual real estate closing.
The fund is the third from the private equity investor and developer to focus on high-flow through logistics facilities like truck terminals, shipment facilities and transit hubs.
Given the severity of the COVID-19 crisis, Ashford anticipates doing a review of its long-term strategy after the crisis has passed, which may include material changes to its future leverage, capital structure, liquidity and investment focus.
While the COVID-19 pandemic presents some obvious near-term challenges, the long-term prospects of the Fountains at Point West remain stellar, particularly the upside related to unit interior upgrades.
A report by Moody's Analytics Real Estate Information Services predicts prolonged constructin delays in the apartment, retail and office sectors based on a comparison to the Great Recession of 2008.