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Retail and hotel real estate investment trusts — the most impacted from the stay-at-home orders and business closures — collectively drew down the most at nearly $19 billion.
In what is normally considered prime leasing season, rents declined nationally by .3% month over month, with the largest drops in gateway markets, according to Yardi Matrix.
Amazon has emerged for a potential buyer of bankrupt department store J.C. Penny, the e-commerce giant's latest foray into acquiring a brick-and-mortar retailer.