Tuesday, 5 May 2020

Sam Zell’s office REIT won’t commit to a specific coronavirus strategy just yet

Sam Zell’s Equity Commonwealth has not had many problems collecting rent so far, but the company was very light on details about the pandemic’s impact apart from that in its first quarter earnings call on Tuesday morning. The office real estate investment trust had 98 percent of its contractual rents paid for the month of April, and just 3 percent of that came from security deposits and credit applications, according to CEO David Helfand. He



source https://therealdeal.com/2020/05/05/sam-zells-office-reit-wont-commit-to-a-specific-coronavirus-strategy-just-yet/

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