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As of April 20, the multifamily portfolio has a current percentage leased rate of 95%. The remainder of outstanding collections of 4% is largely from tenants who are seeking a payment plan, the company states.
The firm developed the guide based on its experience in moving 10,000 companies and nearly a million workers back into 800 million square feet of buildings in China.
The coronavirus crisis has shown companies how much business is possible to be accomplished over the phone and video conferencing, Avison Young says in a Q1 report on the state's office market.
First National Realty has completed a number of other notable transactions so far in 2020, including the $19.2-million purchase of The Court at Hamilton, a 194,106-square-foot Walmart-anchored shopping center in Hamilton Township. NJ in late February.
The campus is made up of dormitories, classrooms and lecture halls, administrative offices, a student center, dining halls, recreation and athletic facilities, a library, an auditorium and more.
The I-Bank's $50-million program provides liquidity for New Jersey municipalities that are having difficulty rolling over bond anticipation notes in the current volatile municipal bond market.