5 at 5: Your Daily Digest for Real Estate Investing, 2/19/21

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© Provided by Millionacres 5 at 5: Your Daily Digest for Real Estate Investing, 2/19/21

Tiffany and Trump, online homebuying surges, apartment renter retention reels, weather chills retail, three monthly dividend REITs to consider.

In Today’s News

Tiffany Vacancy Looms for Trump in Weak Midtown Manhattan Market

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.

In the Pandemic, Online Homebuying Picks Up Speed

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.

Apartment Resident Retention Gets Messy

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

Winter Storms May Make Late February Extra Chilly for Retailers

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.

3 Monthly Dividend REITS to Buy Right Now

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.

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