Strip center REITs are beginning to see an improvement in rent collections. The most recent research from BTIG reports that over the last six months of the pandemic rent collections have improved and are beginning to near 90%.

This is a significant increase from the 49% low in April and May, representing a 3,100 basis point increase in collections. Weingarten, ROIC and Kite reported 87.7% rent collections.

BTIG expects that rent collections will continue to improve through the end of the year.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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