Profile-Icon
Preferred Apartment Communities, Inc. Provides Updates Related to COVID-19 Pandemic and April Rent Collections - News released on Fri, 24 Apr 2020 11:00:19 +0000 (UTC)- REITNewsHeadlines - 2020-04-26 14:18:27 PDT

What’s on your mind?

by @
Please become familiar with our Community Terms of Use before posting.

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
Besides #APTS retail properties, its other sectors are holding up better in rent collection. - Muchomas - 2020-04-27 19:39:35 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.
Profile-Icon
This beak down provided by #APTS tells a good story of the current Coronavirus impact on economy. As of April 22, 2020, the Company has collected April rent as follows:

Multihousing:

95% collected for multifamily,
96% collected for student housing.
Grocery Anchored Retail:

71% collected overall1, including 100% of grocery and pharmacy.
Office Properties:

95% collected1,
1 Adjusted for GSA leases or other Federal government agencies which are customarily paid in arrears.

In total, the Company has collected an aggregate of approximately 90% of its monthly rent and real estate investment loan income for the month of April across all business lines. - Rocco64 - 2020-04-26 14:18:27 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

See more comments on REIT Community