The property, operated by Ashkenazy Acquisition Corp., stopped making payments in May 2020, after citing the impact of COVID-19.

Many active adult communities, which serve relatively young seniors, performed very well during the pandemic.

A number of companies have now announced adjustments to vaccination policies and return-to-office dates as a result of the rise of the omicron variant. California’s pace of population loss accelerated during the pandemic, reports The Wall Street...

The money manager anticipates that the CLOs it’s selling now will have to pay unnecessarily higher interest rates.