News:
Brokerage
Posted: April 6, 2020
Kimco Realty pilots Tenant Assistance Program (TAP) to help small businesses apply for COVID-19 relief funds
Jericho, NY Kimco Realty Corp. is piloting a Tenant Assistance Program (TAP), complimentary to tenants, to assist them in identifying and applying for applicable federal and state loans to help their businesses survive the financial impact of the coronavirus disease 2019 (COVID-19) pandemic.
Kimco and its subsidiaries are working in partnership with law firms to provide assistance to tenants seeking government-sponsored disaster relief loans. The company is providing this program at no cost to its tenants. Legal professionals will assist tenants in identifying suitable loan programs, identifying potential lending institutions, and preparing and submitting applications.
“We are fully committed to the long-term success of our tenants, and we understand that immediate access to capital may be critical in keeping their businesses afloat over the coming months,” stated Conor Flynn, Kimco’s CEO. “We’re also aware that the process of identifying, evaluating, and applying for the many available funding opportunities can be overwhelming and daunting for business owners. Our Tenant Assistance Program will enable our tenants to act quickly in applying for much-needed assistance that can help ensure their future viability.”
CLICK HERE to visit the firm's website.
TAP services are now being rolled out to tenants in California and Florida with plans to extend the program to other states across the portfolio in the coming days and is one facet of Kimco’s multi-pronged approach to tenant support throughout the COVID-19 crisis.
The Tenant Assistance Program is one facet of Kimco’s multi-pronged approach to tenant support throughout the COVID-19 crisis. Since the outbreak of the virus in the U.S., Kimco has focused on regular communication with tenants both via email and through the company’s COVID-19 Response webpage, which includes a host of resources and funding opportunities for small businesses. Additionally, through Kimco’s national partnership with SCORE, America’s premier source of free and confidential advice for small businesses, the company is offering an exclusive webinar for its tenants that will provide an overview of various funding opportunities available through the U.S. Small Business Administration. Kimco tenants will also have access to SCORE’s free remote mentoring services.
Tags:
Brokerage
MORE FROM Brokerage
Devli Real Estate acquires 67,000 s/f flex industrial property on Rte. 17 in Upper Saddle River
Upper Saddle River, NJ Devli Real Estate acquired 118 Rte. 17 North, a 67,000 s/f flex industrial/retail asset situated on 6.3 acres with highway frontage. The property is positioned along
Quick Hits
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
