Peabody Landlord Gives $30,000 In Rebates To Tenants

PEABODY, MA — A major Peabody landlord said Thursday it has given its commercial and residential tenants $30,000 in the form of 10 percent refunds since mid-March.

ViceRoy Capital Management acquired a $17.2 million portfolio of properties in Peabody last August.

"In this time of crisis, ViceRoy recognized that for many of its tenants the $100 to $200 savings a month would be the difference in affording food and gas as many of our hard-working tenants have been directly affected by the virus, with either layoffs or reduced hours of employment,” Carl Valeri, managing partner for ViceRoy, said in a statement.

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Massachusetts Gov. Charlie Baker halted most evictions and foreclosures during the coronavirus with an emergency order in April. The moratorium expires in August or 45 days after the COVID-19 state of emergency is lifted, whichever date comes first. Baker has the option of extending the moratorium in 90-day increments when it expires.

"We believed this was the best way to directly impact the community we invested in,” Sandra Capo, ViceRoy Capital's other managing partner, said.

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Dave Copeland writes for Patch and can be reached at dave.copeland@patch.com or by calling 617-433-7851. Follow him on Twitter (@CopeWrites) and Facebook (/copewrites).