Despite Coronavirus-Recession Concerns, Affordable Multifamily Investors Tout Their Resiliency
The current economic landscape and public health crisis born from the coronavirus has spelled uncertainty for real estate investors across all asset classes, however, multifamily investors are strong in their belief that affordable housing will prevail as demonstrated with its performance in the past two recessions, Jonathan Needell, president and chief investment officer of real estate investment company KIMC, tells GlobeSt.com.
As the nation’s current public health crisis shuts down the economy and sends the population into isolation, stakeholders are observing data analytics and federal bills in the pipeline for aid to adjust and apply resources where needed to offset any economic impacts. In this case, loss of income from unemployed renters in the near-term is one, but that’s not where the story ends or begins, according to Needell.
Read more here: https://www.globest.com/2020/03/24/despite-recession-concerns-affordable-multifamily-investors-tout-their-resiliency/