If they do, it typically takes several months for a large transaction to occur, then a fund will probably take several months to weed out what they do not want and eventually make its way to us.Secondly, we are not sure if there will be a second wave and more shutdowns etc. while many think there won’t be, it’s another uncertainty.

Heck, we're even hearing about a possible 2nd covid wave coming in the Fall.

Not to be a negative Nancy, but don't ride the wave down. 

Hi Brett - I agree that adaptive re-use is how the next wave is going to look like.

Don't be afraid to catch the wave!

As a fellow NEA native I'm pumped to see you making waves in REI!  

Due to the CARES Act, the 10% penalty is being "Waved" in 2020 assuming you meet the loose requirements that they have.Any individual who has experienced “adverse financial consequences” because they’ve been quarantined or furloughed, or because their hours at work were cut.Individuals who haven’t been able to work because they’ve had to stay home to take care of their kids.Business owners who have had to slash operating hours or shut down due to the outbreak.Basically the Fed's are printing money at an alarming rate which in turn "devalues" the dollar. 

Cap rates expanded for a period and properties sold for cheaper, but if the sponsor didn't have to sell, they were able to then ride the wave in pricing increase and do really well. 

I am sure there will be a new wave of titles coping with a new reality after the shutdown.

@Theresa Harris I thought it was silly too and a bit mean actually because the previous owner mentioned how she waved the late rent fee a couple of times for them and even gave them a discount on the rent at move-in, 1075 instead of 1200 for a 2bed 1ba in this area. 2 days worth of rent was about $75