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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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