General recommendations for owners and operators
Upgrade cleaning and hygiene practices. Increase cleaning focus on disinfecting areas most susceptible to the spread of viral germs (e.g. children's play areas, public restrooms, door handles, escalator handrails, food court tables, etc.)
Install and maintain alcohol-based hand sanitizer dispensers in locations where the spread of germs is likely and normal soap and water hand washing stations are not readily available.
Establish good communication with local health departments and follow local public directives.
Display CDC public service announcements at entrances and throughout the property.
Distribute communications to tenants outlining basic CDC recommendations or local government instructions.
Encourage employees who are sick to stay home.
The Federal Government passed a large relief package, valued at over $2 trillion. The Federal Reserve is taking unprecedented steps to assure liquidity in credit markets. State and County officials are working relentlessly to provide aid to businesses and ensure public health. Monitor the situation as it evolves, know your options, and please reach out if you have any questions.
This letter is issued for informational purposes only. It is not intended to be and should not be relied upon as legal or financial advice, and it should not be considered exhaustive or comprehensive. Faropoint is not making any representation or warranty, express or implied, as to the accuracy or completeness of this information, and Faropoint will not have any liability, neither legally nor financially, for any loss (direct or indirect) caused by the understanding or by the use of this page or its content. Any reference to any relief program or a loan or otherwise does not constitute an endorsement or a recommendation or a favoring by Faropoint.