Some buyers that want to keep properties affordable are hoping to snap up assets that otherwise might be converted to market rate units if they fall into other investors' hands.

“We often run the same play over and over again in terms of D&I and expect to get a different result,” says Jason Golub.

The spaces operate on a platform similar to co-working, with month-to-month membership agreements instead of leases.

Experts expect a “second storm” as forbearance periods expire and borrowers are forced to act.

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

Private equity investments in proptech firms increased in dollar volume during the period, but deal count was down almost 40 percent.

Demand remains strong and vacancy is close to its all-time low.

The dynamic reflects both a dearth of deals taking place and the fact that distress hasn’t started working through the marketplace yet.

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.