Kairos Investments Buys 103-Unit One Manor Apartment in Glendale, Colorado
Colorado News January 14, 2022 Located in Glendale, Colo., One Manor Apartments features 103 apartments, a swimming pool, and...
March 30, 2020
Apartment investors are closely watching developments as the novel coronavirus pandemic creates economic disruption. The multifamily sector is likely to feel significant impacts, especially as job losses mount.
The third week of March saw a staggering 3.3 million new unemployment claims in the United States— nearly five times more than the previous record of nearly 700,000 new weekly claims reached in October 1982.
April will be the big test for apartment landlords, said Jonathan Needell, president and CIO of Kairos Investment Management Corp., who will be paying attention to rent payment trends and whether there are interruptions.
“The proposed Federal stimulus will also be helpful,” said Joe Lubeck, CEO of American Landmark Apartments.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a stimulus bill passed March 27, provides direct cash payments that should provide some support for middle- and lower-income renters. Of particular relevance for the multifamily industry, the legislation also included a national eviction moratorium and mortgage forbearance for multifamily property owners.
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Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
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