My assumption is that many smaller investors who have been rental price followers, especially those who go into the market over the last 3 or so years, will not be able to withstand the financial burden of prolonged vacancies and loss of rental income. Some have already started to unwind the...
One CEO told me that he used to be publicly traded, Ralph Schey of Scott Fetzer. After he sold the business to Warren, he reported to me that there were 50 days a year that he now had to spend inside the business and no longer had...