Q-1 2020 REVIEW COVID-19 Impact Update May 1, 2020 Charlotte, NC PRESENTERS: IMG Investors KARLIN CONKLIN Principal, Executive Vice President Management MICHELE HRIVNAK CCIM, CPM - Managing Director, Asset Management Group DAVE MIKKELSEN Investor Relations Manager
FEDERAL CARES ACT COVID-19 Impact Eviction Moratorium • Landlords with federally backed mortgages cannot pursue evictions thru July 24 th . • Landlords cannot charge any fees or penalties related to non-payment or late payment of rent. Financial Assistance • CARES Act payments of $1,200/adult and $500/child are in process. • Expanded unemployment benefits: • Now includes independent contractors • An additional Fed payment of $600/week on top of State unemployment thru July 25 th • Is extended by 13 weeks, for a maximum of 39 weeks (approximately 9 months) • Those with Federal student loan payments are automatically entered into forbearance (payments are halted, without penalty) through September 30 th . • Expanded paid sick and family leave that employees can access when affected by COVID-19 or caring for someone who is. Charlotte, NC
RESERVES SUMMARIES Charlotte, NC
CAPEX OVERVIEW - WHITEHALL Charlotte, NC
CAPEX OVERVIEW – STONE RIDGE Charlotte, NC
COLLECTIONS COVID-19 Impact Data as of April 30, 2020 • Physical Occupancy: 96% • Physical Occupancy: 95% • Payment Plans: 1 • Payment Plans: 6 • Month-to-date Total Collections • Month-to-date Total Collections vs. Trailing 6-Months: vs. Trailing 6-Months: $250,215 vs. $268,199 (93.29%) $300,667 vs. $340,312 (88.35%) Surveys generally anticipate May collections to fall below April collections, due to rising unemployment.
DEMOGRAPHICS COVID-19 Impact Charlotte, NC
IMG Investors NATIONAL HEADLINES Management Group By: Karlin Conklin
Type Now in Chat Box Questions Charlotte, NC investor.relations@imgre.com IMG Investors KARLIN CONKLIN Principal, Executive Vice President Management MICHELE HRIVNAK CCIM, CPM - Managing Director, Asset Management Group DAVE MIKKELSEN Investor Relations Manager
Recommend
More recommend
