5 at 5: Your Daily Digest for Real Estate Investing, 3/3/21

Marc Rapport, The Motley Fool
·3 min read
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Space to roam for orbiting hotel, Charles Koch buys distressed properties on Earth, Willy Walker talks SPAC, CDC ban block appealed, and Michaels to go private. The Wall Street Journal says [subscription required] Koch Industries is emerging as a major real estate investor during the pandemic, using its robust cash reserves to buy properties at beaten-down prices and betting on a longer-term recovery. The Millionacres takeaway: While Koch is moving in on projects too big and complicated for most investors, this is a reminder to strike while the iron is hot, regardless of the size of the potential deal.