Also beware of following conventional wisdom in these still-uncertain times.
Principal and Co-founder, Gary Tenzer, explains how the company does commercial real estate financing for clients that are developers or investors throughout the country. Financings ranged from a couple of million dollars to the multiple hundreds of millions of dollars, including single tenant transactions to multiple multi-tenant transactions, residential track construction, and high-rise construction.
“I would expect that the Coronavirus will affect sales very positively at the grocery anchor, but the restaurants and side shops in the centers will be hurt badly in the ensuing downturn,” said Gary Tenzer, Principal, Co-Founder at George Smith Partners.
Propmodo 2.20.21
https://www.propmodo.com/the-fall-and-rise-of-pandemic-era-retail-real-estate/
“While the moratorium has been beneficial to many (residents) who have been unable to work and pay rent during the COVID pandemic, it has imposed an undue hardship on landlords who must continue to pay the operating expenses and mortgage payments throughout the moratorium,” Gary Tenzer, Principal/Co-Founder at George Smith Partners.
MHN 8/3/2021
https://www.multihousingnews.com/post/eviction-moratorium-allowed-to-expire/
“Some of our more sophisticated developer clients have purchased future contracts to control costs on certain commodities such as lumber,” Gary Tenzer, co-founder and principal at George Smith Partners, says. “Many of our clients use hedging instruments such as interest rate collars or swaps to protect against interest rate risk.”
Globe St. 6/7/21
https://www.globest.com/2021/06/07/the-right-cre-can-still-hedge-inflation/