Several private debt funds launched in 2020 and early 2021 to take advantage of anticipated distressed opportunities due to the pandemic. As of January 2021, there were 63 distressed debt funds in the market, looking to raise a total of $63.8 billion, according to London-based research firm Preqin.
California will attempt to pay all of the past-due rent that accumulated as a result of the pandemic, reports The Associated Press. Retail and hospitality companies are facing challenges keeping existing workers. These are among today’s must reads from around the commercial real estate industry.
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