For Ethan Penner, CEO and co-founder of Mosaic Real Estate Investors, each investment cycle has its own tempo. That knowledge can provide comfort in times of great upheaval.
"For those of us who have been through a couple of [distressed cycles], you could figure where they are going to fall out," Penner says. "They're all different. But they also have a certain kind of market psychology that tends to resemble similar ones, and you could imagine how they're going to play out."
Even though recessions are distinct, it would have been hard to predict the situation we're in today. "There's never been a distress cycle caused by a virus," Penner says. "So that makes this one unique."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
