Multifamily

The sector's Q2 indicators appear positive in new research, in keeping with affordable housing's tendency to weather storms.

The company issued a letter to AIMCO's board of directors to express concerns that the companies plan to split into two entities could destroy value.

The most disruptive issues included construction shutdown orders, new procedures to enable physical distancing on jobsites, and delays of materials, fixtures and equipment, according to JLL's H2 2020 Construction Outlook.

About six-weeks into the pandemic, leasing activity returned to normal levels, but the leasing process has changed.

From December to June, the NOI of retail assets declined by 21.4%, and hotel assets saw a 39.7% drop.

In September, more than 30% of renters had owed back rent, with Hispanic and Black renters most impacted.

The dip comes alongside a fall in NOI for the first time in 11 years.

Multifamily, office and retail properties can leverage water features as a built-in marketing tool and increase the length of stay or tenancy at a property.