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In the COVID-19 environment, the IRS extended the 45-day deadline for in-flight investors in the middle of the exchange process with original property sales dates between April 1, 2020 and July 14, 2020, so those investors have until July 15 to find replacements.
Zain Jaffer says there are a number of counter forces and niche considerations that make up the larger picture of COVID-19 and the impact it leaves on the office real estate market will not be distributed equally.
The Miami-based multifamily apartment real estate firm says their portfolio is now valued at $1.7 billion with nearly 8,000 units. It's also looking for investors in purchasing distressed properties.