20202019Rent Payments Collected by April 13th85.0%90.1%Rent Payments Collected by May 13th87.7%89.8%*Data brought to you by NHMC Rent Payment Tracker
CurrentPrior Week Change10 Year Treasury0.635%-0.05%DOW23,625.34-250.55S&P 5002,852.50-28.69Unemployment Rate14.7%--Total US COVID-19 Cases1,420k+161kTotal US COVID-19 Tests9,970k+1,860k*Metrics as of 11am EST on Friday, May 15
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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