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Recent Blogs from FactRight
Why Force Majeure is Impacting Alternative Investments to Industry Events
by Kate@FactRight.com (Kate Stephany) on July 2, 2020 at 8:42 pm
Trigger warning: use of the phrase "unprecedented times." Remember precedented times? Yeah, me neither. You were all set to go to that due diligence meeting or industry conference in March or April. Plane and hotel booked. Then, it all changed. I bet that until mid-March, you never thought about the term force majeure. Or tried to spell it (bless the god of spellcheck). Or heard it pronounced. If you had, it was years ago summarizing your law school contract professor's entire two-minute discussion as something like "boilerplate provision - FM = act of God - impossibility defense - rarely brought up - remember for the bar exam."
Additional Relief for Qualified Opportunity Funds and their Investors
by firstname.lastname@example.org (Russell Putnam) on June 11, 2020 at 7:29 pm
A few weeks ago we posted about Qualified Opportunity Funds (QOFs) in a COVID-19 World. We covered capital raise considerations, due diligence questions, and steps that the Federal government has taken to support QOFs and QOF investors. Last week the IRS released Notice 2020-39, which provides additional relief and clarification for QOFs and their investors in response to the ongoing COVID-19 pandemic. This post outlines the material changes and areas of clarification that wealth managers should be aware of when evaluating whether a QOF is suitable for their clients.
Multifamily DST Distributions During a Pandemic
by email@example.com (Brandon Raatikka) on May 19, 2020 at 8:44 pm
By now, you may have heard that May rent collections have been stronger than many analysts expected, at least for some real estate asset classes. For multifamily properties—the kind that is most commonly subject to master leases in DST investment programs—rent collections as of the 13th of the month nationally were 2.7 percentage points ahead of where collections were on April 13 for that month, and off 2.1 percentage points from May 13, 2019. And April didn’t turn out so bad—94.6% of renters had made at least a partial rent payment (most made a full payment) by the end of the month, compared to 97.7% during April 2019.
Alternative Ramblings: Pandemic Edition, Part 7
by Jacob Heidkamp on May 15, 2020 at 8:01 pm
The latest Department of Labor print highlights 3 million in new unemployment claims filed in the last week bringing the cumulative total to over 36 million in the past two months. Goldman Sachs forecasts that the unemployment rate will peak at 25%, rivaling the worst period of the Great Depression.
COVID-19 and Multifamily Real Estate: May Update
by Vince Brady on May 13, 2020 at 5:45 pm
Although the full impacts of the COVID-19 pandemic on multifamily real estate have yet to be realized, early indications reveal a number of near-term challenges. This follow-on post updates FactRight’s analysis of the emerging trends that are sure to impact multifamily investment programs.