IAC is zeroing in on MGM Resorts' online gaming revenue stream.

After distressed assets didn't materialize as expected in the last recession, some funds are broadening their approach.

"As consumers and businesses adapt to enforced distancing and lockdown measures, the way in which Americans use commercial property has abruptly changed."

"We're more likely to see a good recovery in the second half of this year or probably the first half of next year as the pandemic comes more under control."