Mounting economic fallout from the pandemic is fueling apartment landlords’ concerns that more tenants will struggle to make their rent payments, even after most managed to come up with the money for April.
John Williams, chief investment officer, president, Avanath Capital Management, discusses the increase in capital allocation from ESG investors to the affordable housing industry, how Avanath provides impact investments for its investors, how they measure that impact and if Avanath anticipates a shift in ESG investors in 2020 based on current market conditions.
When the National Multifamily Housing Council reported a drop in April rent payments last week, executives acknowledged the numbers could improve as they expected many tenants would be paying late.
A few extra days made a big difference, and now April multifamily rent collection is much closer to historical norms.
Welcome to Snap Sessions—a 30-minute webinars series where industry leaders share insights on the current environment. This week MHN is joined by Avanath’s chairman & CEO, Daryl Carter, to discuss how to address financial challenges during the pandemic, with many residents currently unable to pay rent while property-level and company expenses must be met.
There is a renaissance underway in the seniors housing industry.
Today’s seniors are more active and engaged than ever before and are requesting amenities and services that aid in keeping them energetic, healthy and involved.
With nearly a third of American renters failing to pay rent during the first week of April, landlords are scrambling to determine which tenants were excused because of lost jobs—and which ones are using the coronavirus as a cover for not paying.
The Smart Agency