RealtyMogul, an online real estate investing platform, has bought 16,000 apartments over the past eight years.
As the economic fallout from COVID plays out, CEO Jilliene Helman is thankful the company's portfolio is mainly outside of primary markets except for some difficulty in Brooklyn.
"We've got a lot of data," Helman says. "In general, we're in the mid 90's with collections across the portfolio. We were 98% pre-COVID, and we're running at about 95 or 96 on a blended basis across all of our apartments. Brooklyn is the outlier, and it has remained the outlier."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.