PANDEMIC RE-DEFINING RISK
One of the words used to describe the pandemic is "accelerator". Certain commercial real estate asset classes were pushed into being obsolete due to the onset of the pandemic. What is not spoken of often is how it has re-defined risk. A few months prior to the pandemic taking hold, our firm was retained by a commercial landlord of a medical office building that was underperforming. Our role was to conduct a highest and best use study (i.e. re-positioning) and make recomme