COVID-19

365 days. 52 weeks. One year. We're looking back after one year of shutdowns due to the COVID-19 pandemic and what it meant for us as real estate investors.

The Coronavirus pandemic has thrown the holidays off for everybody! Public health and safety precautions have prevented many families from coming together this holiday season. This year has been difficult for everyone. We thought writing this blog post could be helpful for you, maybe to spark new ideas for spurring some meaningful, priceless connection with your family and friends during this holiday season - even if you can’t be with them in-person this year.

In early March 2020 as stay-at-home orders spread across the country, owners of workforce housing assets held their breath as they waited to see whether tenants who couldn’t work from home would pay rent. Investors across the country – Birgo Capital included – shifted from a posture of aggressive acquisitions to one of hoarding cash and halting new deals. While we are a far cry from back to normal, some patterns have emerged that inform our perspective about continuing to acquire stabilized but underutilized multifamily housing in the Heartland.

As another quarter comes to an end (and after about six months into the novel coronavirus pandemic), Birgo Capital principal Dan Croce takes a look at the firm's rent collection. Read Dan's analysis and insights in Birgo Capital's latest article and learn how multifamily real estate properties have been impacted.

Why does Birgo Capital dive right into workforce housing real estate while others shy away from it? And what’s our secret that’s led us to a 99.5% collection rate of our budgeted top line through a pandemic?