Tax Cuts and Jobs Act

Senior housing qualifies for a critical exception The Treasury Department is completing several multi-year tax regulatory projects that primarily relate to the Tax Cuts and Jobs Act of 2017 before the new Biden Administration. Chief among them are procedures for...

Economic Update | December 30, 2020

New Economic Stimulus Agreement  Congress agreed to a $900B economic relief package on December 20th, and the legislation passed both chambers on December 21st. Assuming it is signed into law, the bill will include $600 direct payments to each adult plus an additional...

Economic Update | December 18, 2020

Unemployment  The Civilian Unemployment Rate (U-3) fell from 6.9% in October to 6.7% in November. The 0.2% month- over-month decline is the slowest rate of improvement since the Spring shutdown. While improvement is slowing, U-3 has recovered by 8.0% since April, when...

Economic Update | December 4, 2020

Retail According to Moody’s Analytics / REIS reporting, signs of distress are spreading in the retail sector. The sector’s vacancy rate rose by 0.2% to 10.4% in the third quarter, reaching a seven-year high. Average asking retail rents declined 0.1% from the previous...