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The deal with MFO was reflective of AHP's recognition of "consolidation taking place in the long-term care space and the substantial capital investment that would be required to continue fueling the business."
Despite its ongoing struggles, the office sector's rent collection was higher in Q1 than in other points over the last year.
"This kind of liquidity and consumption is unprecedented, but so are the economic risks of the pandemic that this liquidity is battling."
Investor interest across all CRE asset classes is increasing.
The deal marks DivcoWest's entrance into the sector.
The first quarter numbers were particularly low due to a lack of high-profile, blockbuster deals.
Despite the glut of supply, high-end office assets continue to command investor confidence.
The pandemic still looms large and may pose a threat to the progress made so far, and by extension could affect home sales and prices.
The percentage of loans with occupancy under 80% rose substantially in these markets.
The average asking price for office assets on Crexi showed a 5.13% gain over Q4 numbers.