What the Covid-19 Recession Means for Multifamily Real Estate

The news these days is moving rapidly and making fools out of Wall Street analysts, hedge fund managers, and yes, even us real estate investors. Back in March, Goldman Sachs produced “research” that described that the U.S. economy would likely experience a “V”-shaped recovery as Covid-19 was only a short-term anomaly. Many in the real estate industry ran with that information. They were eager to set their investors’ minds at ease so they could run off and raise capital for the next big deal. But anybody who has been paying attention to the macro-picture over the past couple of years could see the that we were nearing the end of the business and credit cycles. The piling debt, the negative ra

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