Some investors have halted all acquisitions, but for those still trying to transact in this market, it can be challenging. Everything from underwriting in this uncertain market to completing due diligence with social distancing restrictions has made simply doing a deal difficult.
“This is not going to go on forever, but it is going to go on for a while,” Mark Weinstein, founder and president at MJW Investments, tells GlobeSt.com. “Now, we are just trying to figure out where the rents and occupancy will be a year from now. We are assuming that we will have to absorb everything for the next year, and we have to factor those carrying costs.
Read more...How to Price a Deal in Today’s Market via GlobeSt