"It could've been very easy for them to throw their hands up and decide that it wasn't a good time or it wasn't the right time and be able to back out of that deal," said Eric Wojak, development director for TTRG.
In many instances, the commercial property and sales tax revenue generated from a WPG asset is essential to the municipality within which it is situated, Louis G. Conforti writes.
Arbor Realty Trust's Q1 Small Multifamily Investment Trends report suggests that the sector is performing better than the worst-case scenario forecasts.
One distant ray of hope is a bill that Ohio Senator Sherrod Brown is planning to introduce that will provide $100 billion in emergency rental assistance.