Tiffany and Trump, online homebuying surges, apartment renter retention reels, weather chills retail, three monthly dividend REITs to consider.
In Today’s News
Bloomberg reports today [subscription required] that at a time when midtown Manhattan is struggling with empty storefronts and a plunge in luxury shoppers, the Trump Organization is facing the prospect of having to fill retail space at a prized property just off Fifth Avenue.
The Millionacres takeaway: This is a tale about an ex-president and a high-end jeweler, with a real estate investment trust (REIT) thrown in, but it also puts into relief some of the woes facing this very prominent stretch of American commercial real estate. And they’re not alone.
This New York Times piece [subscription required] explains how first-time buyers have the tech smarts and now the tools to do all or part of their purchase online — sometimes even before seeing their new houses in person.
The Millionacres takeaway: We know it’s happening. Here’s an article that provides an overview and some nitty-gritty that can help investors figure out how to best put their property out front in this kind of market, or how to go find one using those tools.
After a decade when apartment resident retention gradually got better and better, it’s now harder for property owners and operators to hold on to renters in some metros and some apartment product segments — in some places, much harder.
The Millionacres takeaway: This analytical blog from RealPage provides some history for context and then lays out just how sharply the rate of retention for apartment tenants has fallen, especially in some major markets like San Francisco.
Today on Millionacres
Disaster-level winter storms caused stores to shut by the thousands across the country, but it’s not just brick-and-mortar that’s feeling the chill.
The Millionacres takeaway: Millionacres’ Maurie Backman points out that digital commerce, too, depends on deliveries, and that all this is happening at a particularly inopportune time for retailers of all kinds.
The real appeal of REITs for many is the dividend, which for most is paid quarterly. There are some, however, that pay monthly, adding to their appeal as a steady flow of income, especially in today’s low-rate environment for insured savings accounts and CDs.
The Millionacres takeaway: With any investment, choosing carefully is important. So we did that for you here, picking out three that, while each from a different industry, have proven to be steady providers of monthly income.
Got $1,000? The 10 Top Investments We’d Make Right Now
Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. By signing up to be a member of Real Estate Winners, you’ll get access to our 10 best ideas and new investment ideas every month.
Find out how you can get started with Real Estate Winners by clicking here.
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.