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Class A: 90%
Class B: 83%
Class C: 71%
Interesting note from client call just now with 103 multi assets across southeast US:
As of this morning, % of renters who have paid rent by multi asset class ^
Class B: 83%
Class C: 71%
Interesting note from client call just now with 103 multi assets across southeast US:
As of this morning, % of renters who have paid rent by multi asset class ^
Before this crisis, workforce housing (primarily class B/C properties) seemed to have less risk than “frothier” Class A assets with higher rents that have more room for downside.
Curious to see if and how this changes the risk appetite and investment landscape of all the pension fund advisors and endowments I met with in 2019 salivating over Value Add deals—most of which have already traded 3x this cycle.
