Why Institutional Investors Haven’t Made a Big Splash in Affordable Housing
Affordable housing properties just don’t have the scale to attract institutional investors. Quote by Jonathan Needell | GlobeSt.com March...
December 9, 2020
There is some debate about ghost kitchens.
Some think they are mostly a product of the pandemic and have an uncertain future. To others, they’re the wave of the future.
Technomic, a management consulting firm for the foodservice business, projects that sales from ghost kitchens will rise by a projected 25% each year for the next five years in the US, according to Restaurant Business Online. Eventually, they’ll hit an estimated $300 million in yearly sales.
In its “Post Pandemic Playbook,” Technomic sees an acceleration in ghost kitchens. “Today, nearly every restaurant is a ‘ghost kitchen’ that provides only off-premise product. As the industry resets, more companies may decide to eliminate the dining room altogether to capitalize on longer-term, off-premise trends,” it says in the report.
Affordable housing properties just don’t have the scale to attract institutional investors. Quote by Jonathan Needell | GlobeSt.com March...
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