CXRE » COVID-19

Example COVID-19 Policy Template

  Feel free to reuse the below policy after your attorney & medical experts review and adapt to your particular situation. Example COVID-19 Policy for CXRE, LLC Managers Adapted from the CDC’s Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19) Plan, Prepare and Respond to Coronavirus Disease 2019 This information has been updated for December 2020 to reflect changes in CDC policy and upcoming vaccine availability. The policies of client locations supersede the below policies.  Overview: All employees and contractors must properly wear N95 or KN95 masks when on Company and client property at all times. If this is not possible, employees and contractors should wear cloth face coverings at all times. All employees and contractors must maintain social distancing when on Company and client property at all times, both indoors and outside All employees and contractors must frequently wash hands or use alcohol-based hand sanitizer after coming […]

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Is Commercial Real Estate Moving to the Suburbs?

For decades, large American cities have enjoyed unparalleled population growth and economic stability. Commercial real estate properties located downtown were profitable, while those in the surrounding suburbs were less profitable. However, we began seeing commercial real estate shift its focus to the suburbs in the last few years. The pandemic has only expedited that process. As the world continues to adjust to a new normal, is commercial real estate moving to the suburbs? The History of Thriving Downtown Business America began as a predominantly rural nation. However, as industry became more commonplace at the end of the 19th century, more and more Americans moved towards thriving downtown areas. New technology allowed skyscrapers to don the landscape of major cities like New York, San Francisco, and Chicago. In the 20th century, these downtown areas only continued to grow. However, in the 1950s, as automobiles became more commonplace in the American family, people began moving away from […]

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The State of Self-Storage Investing in Texas in 2020

Self Storage unit

If you rent or have ever rented a self-storage unit, you have Texans Russ Williams and his stepson Bob Munn to thank. In 1964, the pair constructed the first modern self-storage facility in Odessa, Texas. Of course, there were storage facilities before 1964, but Williams and Munn revolutionized the industry. . The pair added garage-style doors, allowing easier access for clients. You might say the Lone Star State is the home of modern self-storage. The Rise of Self-Storage Investing In the 1960s, Americans enjoyed unparalleled income growth. Therefore, consumerism increased nationwide, leading to more possessions in each household.  Enter the self-storage unit. As more and more homes amassed possessions, they struggled to find places for everything they owned. As a result, self-storage investing became increasingly popular as well. Throughout the decades, self-storage has shown steady returns for investors. Even during the 2008 economic recession, this sector saw positive returns. Self-storage real estate investment trusts (REITs) […]

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How Off-Campus Housing Performs Amid COVID-19 and Beyond

As students head back to their fall semesters at colleges and universities across the country, investors are eyeing off-campus housing as potentially lucrative assets. Over the past 20 years, student housing developments have increased in both popularity and profitability. Even amid the COVID-19 pandemic, student housing remains a fairly consistent source of steady income for investors. The asset class has proven its stability through economic downturns, and many believe this pandemic will be no different. While some locations are seeing moderate upticks in vacancy rates, most off-campus housing complexes are taking minimal hits – and some are actually seeing increased occupancy. As college dorms close or reduce their density, students are turning to off-campus options instead. Here, we are looking at student housing options, ways to invest in this asset class, and how the Coronavirus pandemic has impacted student housing across the U.S. Student Housing and Commercial Real Estate Investments For investors looking to diversify […]

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Opportunity Zones Changes Benefiting Investors Amid COVID-19

IRS Provides Relief for Opportunity Zone Investors in Light of COVID-19 Pandemic In guidance released in June, the IRS relaxes certain regulations surrounding Qualified Opportunity Zone (QOZ) investments and Qualified Opportunity Funds (QOF). The new guidelines provide relief for CRE investors in five important ways: The 180-day period for investors to reinvest in QOFs (allowing for commercial real estate tax deferral on capital gains) has been extended to December 31, 2020. Investors and QOFs will be granted reasonable cause relief if they fail to meet the 90% investment standard in 2020. “Reasonable cause relief” refers to the national emergency declared in all 50 states because of COVID-19. Suspends the requirement for a project to be “substantially improved” within a 30-month period for QOFs of Qualified Opportunity Zone Businesses (QOZBs) that purchased properties under the original Opportunity Zone rules. Grants an additional 24 months to the safe harbor period if a QOZB meets working capital safe […]

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