Rental concessions, some new nonpublic CRE REITs for small investors, Ventas goes big on San Francisco life sciences space, a new cannabis REIT for the picking, and think twice about family pics on the wall.
In Today’s News
As property owners, managers, and renters continue to grapple with the fallout from the coronavirus pandemic, the Rental Beast listing service is finding significant concessions in multiple major markets.
Why it matters: This data not only shares where landlords might have to make do with less but by how much.
The Wall Street Journal reports today that a new type of nonpublic CRE fund that targets small investors is raking money in again after demand cooled during the early months of the pandemic.
Why it matters: This could be a promising investment opportunity. The WSJ says the new products typically take investments of as little as $2,500 and have been paying dividends above 5% without the volatility of the stock market.
Ventas (NYSE: VTR), a Chicago-based REIT, has acquired an 800,000-square-foot life sciences campus in San Francisco for roughly $1 billion.
Why it matters: San Francisco is a notably pricey market, and office space may seem like a risky business to some, but apparently not to Ventas. The campus is 96% occupied with long-term tenants, according to REBusiness