Stimulus package round two, Apple shuts down multiple stores temporarily, Bobby Flay must pay, and a look at some non-traded REITs and other CRE stock plays.
Today on Millionacres
Congress is expected to approve and send to the president yet today a stimulus and relief package, second only in size to the $2 trillion CARES Act approved in March after the pandemic first put its foot down on the American economy.
Why it matters: Whether that combination of stimulus cash and continued unemployment benefits is enough to make a significant difference remains to be seen, but ultimately, unless the virus is contained and the pandemic defeated, there will be no sustained economic recovery. Thatâ€™s the bottom line for the future of CRE investment — and pretty much everything else.
An enterprising writer for The Verge did some virtual legwork and found that Apple (NASDAQ: AAPL) has closed nearly 20% of its brick-and-mortar stores around the world.
Why it matters: Apple, with its vast digital presence and third-party sellers, will be fine. But hundreds of thousands of other retail outlets of all kinds have already closed (or may well soon) unless widely distributed vaccines can tamp down the pandemic enough to get people back into physical shopping.
A dispute over paying the rent during a shutdown landed celebrity chef Bobby Flay in court in a case that may, or may not, set a precedent in Gotham City.
Why it matters: Millionacresâ€™ Laura Agadoni takes a look at how landlordsâ€™ rights were upheld in this case, and also at the possibility of New York City itself being sued for the conditions it imposed on businesses as a result of the pandemic.
Why it matters: Thereâ€™s a higher bar for entry for these issues than for publicly traded REITs, but Blackstone REIT and Starwood REIT are leading the way with enhanced liquidity and other attractions that werenâ€™t in place for non-traded issues like this until recently.
As the year ends, we thought it would be a good time to look at three very diverse, potentially good investments to make in this wide-open space for the months ahead. One is an international CRE manager and broker. One is a retail REIT. And one is an exchange-traded fund (ETF).
Why it matters: Each of these stock issues have their own reasons for being a good investment, and their diversity speaks to the opportunities and variety within the broad category we call commercial real estate investment.
The Motley Fool has a disclosure policy. Editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from Millionacres is separate from The Motley Fool editorial content and is created by a different analyst team.
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