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Five of the seven apartment REITs reported Q1 April earnings this week, highlighting the impact COVID-19 has had - and will continue to have - on the real estate market.
"As the pandemic continues to drag on the real economy until we have a vaccine or drug, real estate occupational markets will start to deteriorate, albeit with a time lag," Thomas Mueller, the portfolio manager for EFV at BlackRock Real Assets, said in the press release.
JLL Capital Markets Senior Director Tarik Bateh, one of the leads on the debt placement team for the loan, says the market "continues to attract core real estate investment capital.'
Southpoint Acquisition, an indirect wholly owned subsidiary of the Starlight U.S. Multi-Family (No. 1) Core Plus Fund, said it has purchased Southpoint unencumbered for a purchase price of $51.5 million.
The global real estate giant said tech startups from its two earlier accelerator classes have already developed virtual tools to help the commercial real estate industry navigate the pandemic's impacts.
From encouraging remote working to readjusting work on-site spaces and breaks, Cushman & Wakefield outlined six recommendations for creating social distancing measures and adjusting to the "new normal" in warehouses.