Office landlords make concessions, JC Penney sale stalls, NMTC incentive needs renewing, retail REIT bright spots, and zombie deed snatchers.

In Today’s News

What Concessions are Office Landlords Offering to Keep Tenants?

Free rent and tenant improvement allowances are among the enticements that National Real Estate Investor says major office landlords are offering to keep their tenants amidst weakening demand.

Why it matters: The pandemic’s long-term effect on office demand remains to be seen but reporting like this does offer insight on what smaller landlords, too, may need to do to keep their spaces occupied.

JC Penney Sales Stalls, Lenders May be in the Driver’s Seat

Trepp reports that the troubled chain may end up in lenders’ hands despite reported interest from REITs such as Simon Property Group (NYSE: SPG) and Brookfield Property Partners (NASDAQ: BPY).

Why it matters: We typically report this kind of news from the real estate investor perspective. Seeing how it may well play out from the lenders’ side can give some clarity to what might soon happen to this iconic retailer and the spaces it occupies.

New Markets Tax Credit Needs Reauthorization to Continue

The investment incentive program targeted to benefit low-income communities expires at the end of this year. The House is already considering making the NMTC permanent and bolstering the Historic Tax Credit inventive.

Why it matters: This analysis from Novogradac describes in detail the impact of the NMTC program in terms of job creation and economic stimulus in struggling neighborhoods where real estate investors can do well while doing good.

Today on Millionacres

After a Brutal Period, Retail REITs See Better Days Ahead

Millionacres’ Matthew DiLallo reads the tea leaves on Kimco Realty and Federal Realty Investment Trust and likes what he sees.

Why it matters: REITs are required to pay out 90% of their taxable income. Seeing two major retail players like this confident that they can continue paying dividends is a good sign for investors.

Deed Fraud: How to Stay Protected From This Growing Trend

Forged deeds and fraudulent title transfers are nothing new, but Millionacres’ Liz Brumer reports on the growing risk of investors and other property owners being victimized by these crimes, especially in blighted areas with a large number of vacant properties.

Why it matters: While abandoned houses in foreclosures are called “zombies”, this is no apocalyptic joke. Read up to see how it happens and how you can avoid it.



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