The coronavirus disease pandemic has already taken a punch at rental apartment owners, and it's going to get rougher.
That's the skinny on the Summer 2020 report from Yardi Matrix entitled, "COVID-19 Weighs on Multifamily As Rents Fall—And More Pain Is Coming."
"After years of strong fundamental performance, the COVID-19 pandemic injected a huge amount of uncertainty and volatility into multifamily that the market will have to deal with for months or even years to come," concluded Yardi Matrix Vice President and General Manager Jeff Adler, Director of Research and Publications Jack Kern, Editorial Director Chris Nebenzahl and Director of Research Paul Fiorilla.
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