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Investors probably won't be able to buy CRE for pennies on the dollar but there are good opportunities out there.
Unfortunately, for retailers returns are not the most cost-effective of processes.
In March, the REIT cut its high-level salaries between 25% and 100%.
"At some point, COVID does pass," said Michael Comras, founder and CEO of Miami Beach-based the Comras Co. "We will see restaurants reopening."
Aztec Group and 3650 REIT have provided the construction financing for the luxury mixed-use property.
CGI Merchant Group's new $650 Hospitality Opportunity Fund will acquire 20 hotels throughout North America and the Carribean over the next three years.
Wafra now owns a 80% stake in the portfolio of 24 medical office properties, which are located throughout the US.
Expect wider spreads and more competition in 2021.
While Houston is struggling, one landlord is still collecting rents in the market.
By year-end, the sector could notch $85 billion in sales.