Six Must Reads for the CRE Industry Today (March 2, 2021) Tenants struggling to pay rent are still waiting for the government assistance approved in December, reports the Wall Street Journal. SPACs can take investment risks to another level, according to Reuters. These are among today’s must reads from around the commercial real estate industry.
Millions of Tenants Fall Further Behind on Rent as They Await Federal COVID-19 Assistance “Tenants who are behind on their rent are still waiting for $25 billion in assistance that Congress appropriated in December, as millions of households and landlords fall deeper into debt. Many states are still determining how to distribute money they have received from the Treasury Department to help an estimated 13 million renters. Meanwhile, Congress is poised to appropriate another $20 billion in rental assistance.” (
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