Bendix Anderson

Terms are becoming more stringent on the financing deals that are closing amid the COVID-19 crisis.

Despite in-person class policies that vary across the country, on paper occupancies at many off campus student housing properties remains high. That's not helping deals go through, however.

Cost increases have been especially hard on developers who rely on wood frame construction to build low- and mid-rise buildings.

Multifamily owners and managers have adjusted to long-term life under COVID-19 by adapting how they offer amenities to residents.

Builders have had no choice but to deliver projects that were in progress when the market turned and try and compete for bookings.

That math will become easier for developers if more distressed properties become available at a steep discount.

Up to two months of free rent along with other concessions are now becoming prevalent as builders attempt to lease up new projects.

Operators are experiencing big variances in occupancy rates for the fall semester.