COVID-19 and May Multifamily Rent Collections in Texas
A closer look at how Texas rent collections have been impacted by COVID-19 and the response to it in May.
A closer look at how Texas rent collections have been impacted by COVID-19 and the response to it in May.
The dominant story of 2020 across all markets continues to be COVID-19 and the fallout from both the virus and the response to it. The impact is being felt across the economy, and multifamily real estate is no exception. April 2020 was the first full month in which a majority of the country was locked down and provides a first full look at what that may look like for the apartment industry.
Robert Durham and Jordan Brooks from ALN sat down with Mike Taravella and Will Coleman from Rand CRE back in April to discuss the COVID-19 impact on rent collections, how markets around the country were looking heading into the current economic situation and more.
Taking a closer look at April price class performance now that the first full month in which most of the nation was in some sort of lockdown in response to COVID-19 is in the books.