One received notice from one nationally branded fitness studio "that essentially amounted to a demand – that they would not be paying rent for 12 months, like it or not."
Under the scenario Trepp used, the cumulative default rate across commercial mortgages overall will rise to 8%, up significantly from the current 0.4% default rate.
The statewide team will continue to focus on representing institutional and private multifamily owners as well as arranging construction financing and structuring equity.
The $2 trillion economic stimulus package passed last week can reduce current tax liabilities and provide cash to taxpayers with net operating loss carrybacks.
For the country to take the threat of COVID-19 seriously, the owners and managers of sites must consider serious measures to combat the further spread of the virus.
The REIT is acquiring the Tropicana Las Vegas hotel and casino and the land for Penn National's Morgantown, Pa., development for a rent payment of $337.5 million.