Multifamily

Multifamily properties are expected to experience a sharp decline followed by a fast recovery through 2020, according to a report by CBRE.

The $2 billion luxury development was able to work through the pandemic and restrictions to stay on schedule for its end-of-year opening.

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.

The economic downturn has little to do with real estate fundamentals, says KeyBank's Justin Wilbur, indicating a possible quick recovery.

Certain state or local ordinances prevent tenants from being evicted for the failure to pay rent or subject landlords to rent caps or freezes.

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.

The Future Conditions Index is 62, suggesting there is optimism after the pandemic has run its course.

Greystone and Lappin Associates' JV will source billions in capital for financing of affordable housing.