Office vacancy record high.

[mathjak107]

Originally Posted by Tiredofnyclife

https://commercialobserver.com/2023/...ns-4-5b-march/

The privately traded REIT has faced a rush of investors pulling out money since the end of last year as stockholders try to reduce their exposure to the volatile real estate market. BREIT hit its monthly redemption limits in January and February, when shareholders attempted to extract more than $5 billion and $3.9 billion, respectively.

private reits have been awful .

they are not liquid usually , not very transparent and full of gotchas and tricky manipulations .

at one time i bought in to the apple hospitality reit ..

it was a private reit that invested in hotels and motels .

well when the industry took a hit they used the money that was supposed to buy more property to sustain the dividend .

when that ran out they borrowed money to pay out the dividends .

they were plagued with lawsuits .

eventually they took the reit public .

once audited it went to market for less then the initial offering when it was privstec


well here it is decades later and the reit is still trading for less then it went to market at decades ago .

unless you knew how to understand the little foot notes in their quarterly report you didn’t know that the income they paid out was not coming from operating income

[Kefir King]

It is amazing to think we went decades without one pure rental building being built open to all.

That seems pretty clear to me.

[Kefir King]

It is amazing to think we went decades without one pure rental building being built open to all.

That seems pretty clear to me.

[MKTwet]

While high vacancies can be bad, this means a lot of businesses quickly signed very good leases that they would've never gotten in the past. A lot of companies now gotten new floors, extended office spaces, and longer terms without paying more.

[Bad-water]

Haha this stuff is a mess. If only we had closer and clearer knowledge about the storefront retail leases in Manhattan: remember how everything was boarded up and shut down for months throughout midtown and all of lower Manhattan, also Everything on the UES and UWS were scared out of their minds. While (Mr Innocence) Al Sharpton was leading the BLM protests through Manhattan.

Get real: that was the worst NYC has ever seen. Al Sharpton basically led the whole insanity while proclaiming Whites were oppressing blacks. He is a traitor who will eventually be held accountable for his terrible behavior.

These insane Black Supremacists destroyed our city and that includes Al Sharptons close buddy Eric Adams. These black leaders are beyond stupid. Everything about them is poison.

I’d like to see Eric Adams locked up as well for his traitorous Illegal Alien Invasion, acting like it is the most beneficial thing in the world to be robbed by illegal alien invaders. Eric Adams should be taken down just like Malcolm X was. He is nothing but poisonous.