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Will COVID Shake Loose Large Portfolios?

One observer sees property owners selling out of certain asset classes and regions.

By Les Shaver | August 21, 2020 at 06:30 AM

As the economic ramifications of the COVID shutdowns start hitting large property owners, Michael T. Fay, principal, managing director and global head of Avison Young’s asset resolution team, wonders if bigger deals are on the horizon. 

“I think we’re going to see some larger portfolios trading,” Fay says. “It will probably be a shifting of assets, where they [sellers] will take X amount of properties on the lower end [of performance] and sell them in one fell swoop. Then those organizations [acquiring the assets] will deal with them individually.”

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