Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Webinar: COVID-19 Implications for Multifamily Investors

Kristina Garcia • 4/16/2020

Multifamily Webinar Replay (image)

Watch Cushman & Wakefield’s webinar to learn about the impact of COVID-19 on the multifamily space and implications for investors.

Topics included:

  • Economic and policy update from Rebecca Rockey, Economist, Global Head of Forecasting
  • Multifamily sector fundamentals and impact from Kristina Garcia, Associate Director of U.S. Multifamily Capital Markets Research
  • Property management perspective with commentary from Rick Graf, President & CEO of Pinnacle
  • Capital markets discussion from Robert Given, Vice Chairman, Capital Markets

Multifamily Webinar (image) Multifamily Webinar (image)

Key Takeaways: Economy & Policy

  • A sharp decline in economic activity in Q2 is expected and a V-shaped recovery is less likely than a U-shaped recovery.
  • Initial claims data set three records in a row in March: job losses are mounting quickly.
  • Income risk from job losses is the single largest threat for multifamily.
  • Policy responses are explicitly targeting household cash flow, which should be supportive for multifamily.
  • Actions by the Fed also benefit Agency-backed and AAA-rated private CMBS markets.

Key Takeaways: Multifamily

  • Multifamily remains relatively resilient with no fundamental changes to underlying drivers of demand in the long-term after digesting near-term shocks to NOI.
  • The increase in delinquency rates in April are not as pronounced as the market had feared. The true impact will begin to surface in May and June. 
  • Early mitigants to COVID-19-related declines in traffic, leasing, and collections include PropTech, virtual marketing practices and e-payment platforms that have been well-established.
  • Transactions began to pause in mid-March as the debt markets destabilized and investors wait to see the impact on operations in April, May and June.

Related Insights

V&A Automobile Dealership Industry Challenges Report
Article • Valuation

Automobile Dealership: 2020 Industry Updates

Auto dealerships are probably the least talked about asset class in commercial real estate – and yet, they’re in the early stage of epic disruption—disruption that could potentially upend the entire auto-retail business over time.
Stephen Kay • 1/23/2020
Covid-19 lease update (image)
Article • Occupier

Lease Provisions to Explore Amid COVID-19

Many of you are wondering if and how your financial obligations under your leases might be alleviated, either by the lease language itself or through your insurance policies.
Ken Ashley • 4/1/2020
Debt Markets (image)
Article • Investment

What to Watch in the Debt Markets

Equity market volatility is at some of the highest levels on record and private CMBS issuance has ground to a halt leaving banks with an inventory of mortgages stuck in the securitization pipeline.
David Bitner • 4/6/2020

Cushman & Wakefield använder kakor (cookies) för att analysera trafik och erbjuda våra kunder den bästa upplevelsen på denna webbplats. Stäng den här dialogrutan för att bekräfta ditt samtycke, eller besök denna sida för att ta reda på mer:
Information om kakor

MORE OPTIONS
Samtyck och stäng
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS