COVID-19 Likely to Impact Nation’s Multifamily Industry, Yardi Matrix Reports

Travel, hotel, restaurant and trade industries will
likely be hit hardest, according to economic analysis

SANTA BARBARA, Calif.,
March 17, 2020 – The global
spread of the COVID-19 virus has brought a technical end to the 11-year bull
market in equities, forced a European travel ban and sent Treasury rates to
historic lows. It seems no industry is immune from the virus’ impacts.

According to the
latest report from Yardi Matrix, the multifamily industry may feel the impact
of the domestic spread of COVID-19, although the majority of the rental housing
industry remains well capitalized and strong enough to weather a modest
slowdown.

“Owners and
operators may face short-term rent collection issues if there is a tightening
in the employment market, and value-add projects will likely slow,” states the
special report from Yardi Matrix. “However, most real estate investors are
poised to sustain their operations, and may see an investment opportunity as
the market shocks continue.”

Learn more by downloading the full report here.

Yardi Matrix offers the industry’s
most comprehensive market intelligence tool for investment professionals, equity
investors, lenders and property managers who underwrite and manage investments
in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial,
office and self storage property types. Email [email protected], call (480) 663-1149 or visit yardimatrix.com to learn more.

About Yardi

Yardi^® develops and
supports industry-leading investment and property management software for all
types and sizes of real estate companies. Established in 1984, Yardi is based
in Santa Barbara, Calif., and serves clients worldwide. For more information on
how Yardi is Energized for Tomorrow, visit yardi.com.