Your Daily Digest for Real Estate Investing, 2/4/21

The Biden stimulus plan, Tampa and the big game, Cadre crowdfunder launches new fund, while Simon Property Group goes SPAC, and optimism from Nareit.

5 Ways Biden’s Stimulus Plan Could Help, Hurt Real Estate Investors

The Biden administration’s $1.9 trillion stimulus package includes a third round of stimulus checks, increasing unemployment benefits, sending aid to schools and states, funding for expanded vaccination efforts, and raising the minimum wage.

Why it matters: The devil remains in the details to be determined, but Millionacres’ Liz Brumer says that at first glance, it appears that Biden’s plan does greatly lack financial relief to real estate investors and landlords.

Will Tampa Hotels Benefit From the Big Game? Maybe Not

When Tampa last hosted the big game, it was a boon to local hotels, restaurants, and other small businesses. But that was in 2017.

Why it matters: Millionacres’ Maurie Backman notes that the vaccine rollout may help hospitality businesses and their landlords recover later this year, but not in time to help Tampa this time around.

Crowdfunder Cadre Announces New $400 Million Fund

The new fund will invest in multifamily, office, industrial, and hospitality sectors. Cadre is also committed to working with underrepresented minority operating partners across the portfolio.

Why it matters: Millionacres’ Jeff Piltch points out that Cadre isn’t just doing individual crowdfunded deals. Its new $400 million crowdfunded fund will be competing with real estate investment trusts (REITs). Should be interesting.

Also in Today’s News

Simon Property Group Goes SPAC says Simon Property Group (NYSE: SPG) is the latest commercial real estate player to enter the SPAC frenzy with the formation of a $300 million blank check company targeting innovative retail companies.

Why it matters: The big mall owner/operator REIT continues to look for ways to boost its fortunes in a troubled sector, building on a strategy that includes buying some of its own tenants and this time letting the public in on the action via IPO.

What January’s REIT Results Say About the Market

The FTSE Nareit All Equity REITs index showed that REITs finished January about where they started the month, although there were bigger fluctuations within certain segments, with retail and data centers both gaining.

Why it matters: The trade group says it expects widespread vaccinations to allow people to go back to more of a pre-pandemic lifestyle than “some analysts are suggesting,” according to Wealth Management. That would be nice.

Sam Son

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