NOT FOR REPRINT
Page Printed from: globest.com/author/profile/-erika-morphy?page=378
Sign In To follow
This increase in apartment investment has dramatically exceeded expectations.
Most loan resolutions were in the hotel sector, which accounted for $958 million of the total, followed by retail at $524 million.
The average bill is $3,700 per household in arrears, a total of $23 billion nationally.
The portfolio totals over 747,000 rentable square feet with 27 properties across 13 states.
Commercial planning fell 3% and institutional planning dropped 9%.
Industry groups worry that many landlords can't keep waiting for rent.
The area outpaces Las Vegas and Sacramento, according to Trepp.
Once a narrow use case, ghost kitchens are finding their way into a variety of real estate.
The variant is already hindering some buying behavior and hitting consumer confidence hard.
Two initiatives on the ballot in Minneapolis could pave the way for future rent control measures.