LOS ANGELES—The various state and local eviction moratoriums are having a serious impact on many property owners and the future continues to hold great uncertainty. However, there is an air of optimism between property owners and landlords as the nation continues to take the right steps to begin economic recovery and the effects of the stimulus package begin to take hold. Panelists at the national GlobeSt. multifamily conference here in downtown L.A. examined the implications of the eviction moratoriums, if they were even affected negatively by Covid and provided insight into what is to come and lessons learned. 

The Cordish Cos. did well during Covid, according to panelist Emelyna Aurich, director of property management. "We raised rents, maintained occupancy around 95%, and weren't greatly affected by the downfalls of the pandemic." 

When the Cordish Cos. built 30,000 square feet of amenity space in its building with 296 units, everyone thought they were nuts, she continued. "But it helped us during the pandemic," she said. "We were able to allow the residents to utilize the spaces we had in the building, we even had a bar and people could work outside of their apartment, socialize and see life."