Nareit Developments California Bill Allowing Commercial Tenants to Renegotiate and Terminate Leases Advances in Senate California Senate Judiciary Committee passes SB 939; bill advances to Senate Appropriations Committee. 05/31/2020
Nareit Developments House Passes Paycheck Protection Program Flexibility Act 417-1 HR 7010 would ease restrictions for borrowers of PPP loans. 05/30/2020
Nareit Developments Hawaii State Legislature Reconvened for 10 Days in May Legislators are planning to convene again in mid-June to discuss more on COVID-19 and economic recovery. 05/30/2020
Nareit Developments Legislation Would Ensure Federal Insurance Against Pandemics The Pandemic Risk Insurance Act of 2020 is modeled after the Terrorism Risk Insurance Act, passed after the 9/11 terror attacks. 05/30/2020
Nareit Developments House of Representatives Passes HEROES ACT The $3 trillion relief package would provide funding for a wide range of groups, including a new stimulus check, passed the House by only a narrow margin. 05/18/2020
Nareit Developments Nareit Supports Bipartisan Effort to Boost Businesses Hardest Hit by the COVID-19 Crisis Senators Bennet (D-CO) and Young (R-IN) have announced a program that would make enhancements to the Paycheck Protection Program and create the RESTART initiative. 05/11/2020
Nareit Developments Nareit, RER Ask National Leaders to Address Business Continuity Pandemic Issues through Insurance-Type Solution Letters request administration and Congress take action on Potential Business Continuity Solution. 04/19/2020
Nareit Developments Congress Considering Pandemic Insurance Coverage Nareit supports congressional efforts to reach consensus on pandemic insurance coverage. 04/19/2020
Nareit Developments Joint Trades Request for Additional Support of Commercial Mortgage Markets Nareit Urges that TALF be expanded to include more investment grade commercial real estate debt instruments. 04/17/2020 Image
Industry News mREIT Executives Shed Light on Recent Market Volatility “Even the liquid markets became illiquid,” one mREIT CEO says. 04/03/2020
Nareit Developments $2 Trillion Coronavirus Rescue Package Signed into Law The relief package includes a vast pool of grants and loans for small businesses, a large expansion of unemployment insurance, and new resources to help strained state, local, and tribal governments as they combat this pandemic. 03/30/2020
Nareit Developments Congress Continues to Work on COVID-19 Economic/Health Care Relief Measure Senate negotiators and Treasury Secretary Steven Mnuchin have been working on an agreement that would help blunt the economic fallout of the coronavirus crisis. 03/23/2020