By Jeff Hubbard, A&G Real Estate Partners
The COVID-19 crisis is triggering major questions about the value of assets in just about every sector of real estate.
Take a newly built student-housing complex near the campus of a state university. The appraised value of that building was derived from the pre-pandemic assumption that it would be part of a fully functional college town—a place where students would be crowding into classrooms, sports venues, bars, restaurants and the like for most of the year.
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