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Delinquent rent in Chicago could now exceed $1B, according to a survey released last week by the Neighborhood Building Owners Alliance, a group of small and midsized Chicago landlords. The high level of delinquency brought about by the coronavirus pandemic is leading to neighborhood disinvestment. With their revenue plunging to historic lows, 65% of landlords surveyed said they expect to make fewer capital improvements. In addition, nearly half expect to cut down on repairs and maintenance. “With so much delinquent rent, many housing providers lack the funds to continue to maintain their properties,” NBOA President Michael Glasser said in a press release. ....
Inland Real Estate brings on new lead for investment system strategies April 30, 2021 Inland Real Estate Investment Corporation has announced that Jovan Marconi has joined the company as vice president and head of investment system strategies. In this newly created position, Mr. Marconi will be responsible for developing and implementing Inland Investments’ investment process strategy, concentrating on the delivery and oversight of complex technology projects and initiatives. In addition, he will focus on developing a technology roadmap for enterprise initiatives that are consistent with business objectives and further enhancing the company’s operational information systems, including online image, digital marketing, and advanced analytics. ....