Amazingly, we’re now passed the halfway mark of 2020. The first six months of the year have been turbulent to say the least, and the first of a few different perspectives from which we’ll evaluate how multifamily has performed so far this year is from a regional perspective.
With most of the country now in some stage of economic re-opening, the lockdown phase of the COVID-19 response is, at least for now, behind us. The road back to pre-pandemic normalcy is likely to be a rocky one and uncertainty abounds. Before looking ahead, let’s take a look at how stabilized properties performed in April and May while much of the country was under some form of shelter-in-place policy.