100% July rent collections
We recently provided an update on last quarter’s performance as well as the temporary lease accommodations we made to certain tenants, and are now pleased to report that we have collected 100% of contractual rent obligations due in July based on the revised budget.
This follows a strong quarterly performance. An overview of the portfolio can be found here.
Our focus today is on generating an acquisition pipeline that targets properties which may be forced into a sale at more attractive pricing than we have seen in the recent past. It will likely take time for these opportunities to emerge, so patience is required as the commercial real estate market begins to thaw from its recent freeze.
Mr. Karsh is a Partner and Co-Founder of Streitwise. His primary responsibilities include sourcing and executing new investments, managing corporate operations, and overseeing investor relations and reporting.
Prior to forming Streitwise, Mr. Karsh was an Acquisitions Analyst for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for underwriting, structuring and executing value-add and opportunistic transactions. He holds a Bachelor of Arts degree in Political Science from the University of Pennsylvania. Mr. Karsh is a member of ULI and is also a Real Estate & Construction member of the Jewish Federation of Greater Los Angeles.