The rent is due today.
For the tenants and property owners tied to trillions of dollars of commercial real estate properties in the U.S., what happens on April 1 is no joke this year.
Retailers have been closed or their businesses are deeply battered. Companies across sectors have been forced to carry out layoffs or furlough staff, while others have been directly impacted by a virus that has afflicted more than 170,000 Americans to date.
Millions of Americans are already jobless, worried about paying the rent today. And the virus is weeks away from its peak, health experts warn.Continue reading “‘There’s No Bailout For Landlords’: What To Expect As Anxious April Begins”