What's Happening Now
The big news this week from our little corner of the world is SEC’s announcement to expand the definition of what it means to be an Accredited Investor. The biggest additions to the newly classified group are investment advisers, both SEC and State registered, as well as financial professionals who hold certain securities licenses. As our good friend, Mark Roderick, opined in his take on the updates, it’s a very positive sign that the move wasn’t in any way limiting the current definition – everybody that was accredited before the announcement should still be accredited.
One provision also noted by Mark is the slightly opened door for “certifications, designations, or credentials” that the SEC may accept as qualifying education for accreditation status. This could open up a new line for the “close-to-accredited” or really, anybody, who is interested in private deals to gain access to opportunities they have historically been blocked out of.
What To Watch
It’s back to school time across the US, whatever that means in this bizarro timeline we’ve entered, summer is coming to a close and we’re entering a new social phase of this experiment we’re all in together. We are definitely keeping an eye on how the transition will be made to balance many of us still working from home/remotely with the demands of online schooling – how will that affect the workforce, how will that impact the social patterns we all took for granted? What will we learn from this that will remain long after this health crisis has passed, both good and bad?
We had a fascinating conversation this week with Steve Weikal, a friend of the podcast and Head of Industry Relations at the MIT Center for Real Estate, where we talked about that very thing. How will higher education centers that are built on a community of shared experience function in a largely remote world? Will the nature of how we use office space become more experiential and social like what we’ve seen in the retail world?
Again, it seems the deeper we get into this crisis the more questions we uncover. The impacts of all these changes and adjustments likely won’t be fully understood for some time to come. In this though, there are opportunities to grow, learn and adapt to the ever-changing environment around us. They say adversity builds character, and I’ll be damned if we don’t come out of this with some notches of character on our collective belts!
-Adam Hooper, CEO
20192020Rent Payments Collected by April 20th93.3%89.2%Rent Payments Collected by May 20th93.0%90.8%Rent Payments Collected by June 20th92.2%92.2%Rent Payments Collected by July 20th93.4%91.3%Rent Payments Collected by August 20th92.1%90.0%*Data brought to you by NHMC Rent Payment Tracker
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