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Construction begins on naval archives complex at Navy Yard | Local

Naval History and Heritage Command (NHHC) held a groundbreaking ceremony Aug. 5, at the Washington Navy Yard to mark the start of the construction of a new Operational Archives and Repository Complex.

Chief of Naval Operations (CNO) Adm. Mike Gilday spoke at the ceremony and delivered the initial blow to the ceremonial drywall to commemorate the start of construction.

“This new project underscores the vital role the Naval History and Heritage Command serves in preserving our Navy’s institutional memory,” said Gilday. “With this archival complex we will continue to remember and present an accurate history of our Navy and tell the stories of those who have gone before us for generations to come.”

The Navy is renovating the buildings into a modern complex that will meet Navy standards for the protection and care of the Navy’s intellectual property and some of the Navy’s most at-risk collections. The current facilities were

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Front Yard Residential: Stock Performance Lagging Fundamental Improvements (NYSE:RESI)

Operation Seems Fine

The SFR as an asset class is showing resiliency and Front Yard Residential (RESI) is no exception. August 2020 operating data continue to show a high level of collection and a continuation of strong rent growth. The major driving factor seems to be the increased demand for isolated rental space in the midst of the COVID crisis for families.

Both rent growth on renewals and positive re-leasing spread contribute to the overall rent growth. The high level of collection is most likely helped by all the economic stimulus packages, but the degree of which is a wildcard. The management commented that they haven’t surveyed their tenants on their current job status, and the management doesn’t think it’s appropriate to ask their tenants directly about whether they are paying rent with cheques from the government on the Q2-2020 earnings call. However, on average about one-third of the properties

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Continue Reading Front Yard Residential: Stock Performance Lagging Fundamental Improvements (NYSE:RESI)