Buoyed by continuing retail re-openings nationally, rent collections for free standing and shopping mall-focused REITs trended upwards in July after gains in June.
The trend was highlighted in the fourth monthly survey of REIT rents across six property sectors by the National Association of Real Estate Investment Trusts (Nareit).
The Nareit report—which culled data from April, May, June and July rent surveys and combined them with publicly disclosed data matched to June's month-end equity market capitalization—covered a broad spectrum of commercial real estate amidst the COVID-19 pandemic and its economic impact.
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Suzette Parmley
Trenton Correspondent who covers the N.J. Supreme Court, Governor, Legislature. She also contributes to The Legal Intelligencer and law.com. Suzette joined New Jersey Law Journal in Jan. 2019 from the Philadelphia Inquirer where she was a former Trenton Statehouse Correspondent and Business Reporter/Columnist. Awards: 1st Place for 2020 coverage of NJ Supreme Court; 2019 Specialized Writing Category, 5-time winner of the Business Financial Writing Portfolio Award from the New Jersey Press Association. Graduate of the Fels Center of Government/University of Pennsylvania. Email: Sparmley@alm.com or follow on Twitter: @SuzParmley
