Illinois Gov. JB Pritzker, Michigan Gov. Gretchen Whitmer, Ohio Gov. Mike DeWine, Wisconsin Gov. Tony Evers, Minnesota Gov. Tim Walz, Indiana Gov. Eric Holcomb and Kentucky Gov. Andy Beshear jointly announced the COVID-19 partnership.
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.
The unnamed Asian investor will contribute approximately $108 million for a 39% equity interest in the joint venture and ILPT will own the remaining 61% equity interest in the joint venture.
Sponsored by Hendy
Sponsored by RealPage
Sponsored by ADP
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.