This was cash out of pocket which isn't effective leverage.

I think we all need to exercise compassion towards our tenants experiencing hardship and don't know how they will feed their families the next couple months.

Of course, if the crisis extends for 6 months to a year, then the ripple effect could cause real estate prices to tumble and we might see a "light" version of the last real estate crisis.

How does a large multifamily owner deal with this and how is it going to effect your business?

From my understanding this is not yet effecting mortgage rates and realtors should not be spreading this misleading information in my honest opinion.

A lot of new builds as it seems easier and cost effective versus retro fitting.

There is a lot of incorrect information circulating for coronavirus, so for the most up to date facts, please visit: https://www.cdc.gov/coronavirus/2019-ncov/index.htmlThere is financial instability in the market due to concerns over the effects of the pandemic: businesses are closing, lots of people are not working, schools and other institutions are shutting their doors in the hope of slowing the spread.

@Jordan Foster Target absentee owners (listsource) probate, code violations (courthouse) and from what I've read in several places bandit signs are still effective 

I believe some of my tenants have ongoing income, while some are more effected.

The county closures are mostly effecting our national work right now.