As businesses begin reopening indifferent regions of the country, some commercial real estate firmsare better prepared to weather the uncertain environment thanothers.
"The bigger the investment, thebetter off you will be, and the old adage of 'diversity' provesitself once again," says Jeff Holzmann, CEO of real estate assetmanagement firm IRM, which manages more than 250 projects totalingmore than $2 billion in asset value across multifamily,hospitality, retail, industrial and office. "If you have investedin a portfolio of assets across the country, some assets will dobetter than others."
But if your assets sit inhard-hit areas, such as the Northeast, you could be introuble.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
