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Coronavirus Impact 'Minimal Thus Far,' Large Sun Belt Office REIT Says

Piedmont Office Realty Trust Collects 97% of Rent in May
Piedmont Office Realty Trust, which owns 5 Wall St. in Burlington, Massachusetts, near Boston, said it had collected 97% of May rents. (CoStar)
Piedmont Office Realty Trust, which owns 5 Wall St. in Burlington, Massachusetts, near Boston, said it had collected 97% of May rents. (CoStar)
CoStar News
May 15, 2020 | 7:07 P.M.

The economic slowdown caused by the coronavirus pandemic has yet to have a material impact on Piedmont Office Realty Trust, a real estate investment trust that owns 18 million square feet of office, as nearly all tenants are paying rent and renewal leasing activity remains near normal.

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