Instant Insights Coronavirus and CRE

While the coronavirus has brought much of the market to heel, Urban Pacific Group of Cos. is anticipating increased labor availability and decreased land costs.

While early rent relief requests have come from restaurants, it is likely most retailers forced to closed will eventually submit requests.

While the direct non-bank lender is still entertaining deals, it plans to hold off until the end of the month.

Student housing investor Fred Pierce remains bullish on student housing, and expects the market will return to pre-virus levels once the pandemic subsides.

Landlords can reevaluate the lease to better reflect the current situation and any new policies implemented.

Fannie Mae and Freddie Mac have announced forbearance measures, private label CMBS is generally not offering broad relief to borrowers.

Office, restaurant and retail landlords may have to evolve if consumer and business habits change.

Q1 2020 transactions totaled $1.97 billion and included approximately 7,600 hotel rooms with an average sale price per room of $259,000.