Year-End Summary - 2020

The year 2020 was like no other, and we want to right away address the giant tyrannosaurus in the room – Covid-19. We can all agree that's fair to say that no industry left untouched after the virus had ravaged the nation, and the world as a whole. Some changes came dynamically through people adjusting and adapting their lifestyles to the new reality, and other changes came through forced regulations, merits of which may be debated forever, but that's beyond our scope of expertise. What we do know, is that multifamily housing has been hit hard from all sides of the issue. From local governments suspending evictions, to implementing new sanitation procedures – no stone has been left unturned in lives of developers, property owners, investors, and tenants.