The average rents on apartments are already dropping, as the U.S. economy grinds to a halt and millions of workers have lost their jobs, been furloughed or have been asked to stay home to fight the rapid spread of COVID-19.
Resilience is not merely applying risk reduction and preparedness at a given site; but includes considering shared risks and resources across interconnected systems.
New Residential Investment Corp., a real estate investment trust focused on housing, is selling a portfolio of debt with a face value of $6 billion, according to people with knowledge of the matter.
Washington is weighing a new infrastructure plan to help create jobs, reports The New York Times. FHFA chief warns this crisis might be worse than the subprime mortgage meltdown, according to the National Mortgage News. These are among today’s must reads from around the commercial real estate industry.
