|Rent Payments Collected by April 13th||85.0%||90.1%|
|Rent Payments Collected by May 13th||87.7%||89.8%|
|Current||Prior Week Change|
|10 Year Treasury||0.635%||-0.05%|
|Total US COVID-19 Cases||1,420k||+161k|
|Total US COVID-19 Tests||9,970k||+1,860k|
My update this week comes primarily via the spoken word by way of a roundtable discussion I was fortunate enough to be a part of alongside the former Head of Americas at PGIM (Prudential’s real estate management arm), Kevin Smith, and Josh Krsnak, the CEO of Hempel Companies.
Kevin has experienced multiple real estate cycles and has overseen portfolios valued deep into the billions. It was very informative to hear his perspective on how this current crisis is quite different, but in many cases, we can expect it to play out similar to prior market cycles over the long term.
Josh brought his perspective as a current manager, owner and operator of a vast real estate portfolio and was able to share his outlook on the market, some of the innovative work he is doing to help his tenants survive this crisis, and how he’s looking at the future of our asset class.
It was an honor to join both Kevin and Josh on this roundtable discussion, and if you’d like to watch a recording, you can do so by clicking the link below. Remember, we’re all in this together, and that’s the only way we can move forward.
Stay safe out there!
-Adam Hooper, CEO
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Watch as RealCrowd CEO, Adam Hooper, discusses the current state of the market with industry experts.
Dr. Daniel Crosby, New York Times Best-Selling Author, and Chief Behavioral Officer at Brinker Capital discusses concepts from his latest book.
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Investors across the board are interested in co-investment opportunities in distressed assets and loans.
Two months into working from home, Twitter makes it permanent for some.
Santa Monica REIT scrambles to negotiate with landlords, tenants
The site was flooded with some 30,000 users before the application process even opened, the city and Baker Ripley said.
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