I am hopeful that after a vaccine is distributed and there is less fear of a shutdown then the lenders will open these back up.

I would anticipate that lifting once the vaccines are out in force so we are probably still in for a few more months of this. 

Looking ahead, investors will continue watching COVID-19 case counts, progress on FDA approval of vaccines, and negotiations for additional government stimulus.

We don't know how well vaccines will be distributed or even adopted.Are you all disregarding these unknowns with potentially massive consequences to ROI over the next 2-4+ years and just being more careful?

Whether that is with a vaccine or not, the economy cannot support the current path and economics will win out in the end.

Will the vaccine cure everyone and will life be back to normal in 2021?

Too many tenant votes vs landlord votes and politicians can do one thing well - Count votes.Even with the vaccine, we have flu vaccines and still get the flu.  

Multiple vaccines will be online.  

With empathy in mind, let’s wash our hands, put on our masks, social distance, look forward to the new year (and vaccinations), and get under the hood…Consumer Price Index.

Come April, that same industry employed 728,000 people dropping 60% month-to-month.(4)The following month you saw a positive 13.8% month-to-month gain in employment, or 866,600 now employed Hospitality & Leisure employees. (4)But, despite these signs of a comeback we will finish 2020 with a higher than healthy unemployment rate, and a partially opened and struggling service industry.Predictions on when we will back to normal hinge on the vaccine availability and how quickly people get vaccinated.Final ThoughtsAfter reviewing this information it’s easy to see how much the Hospitality & Leisure industry needs help, and supporting them through gift cards or donations will help prop them up until we can officially re-open everything.Speculations on how long until full recovery are modest for Texas — two to three quarters — while the rest of the U.S. could be seeing at least three years of down economic times. (2)ReferencesDallas Fed; “Your Texas Economy” — https://www.dallasfed.org/-/media/Documents/research/econdata/texaseconomy.pdfMark Sprague, State Director of Information Capital presentation — available on requestPWC & ULI: “Emerging Trends in Real Estate” — https://ulidigitalmarketing.blob.core.windows.net/emergingtrendspdfs/ET2020FallMeeting.pdfDallas Fed: Leisure & Hospitality — https://www.dallasfed.org/research/econdata/ausleiha.aspxDallas Fed: Texas Employment — https://www.bls.gov/eag/eag.tx.htmElise Gould: Quote — https://www.fastcompany.com/90549147/forget-u-or-v-or-w-we-may-be-headed-toward-a-k-shaped-recovery