Journal of Property Management: Resilient Real Estate

ARTICLE KEY FINDINGS:

• COVID-19 had a major impact on returns to real estate. However, the resilience of property returns to COVID-19 varied significantly by location, bu sector, and even across individual assets of the same property type in the same city.
• Resilient assets are those able to withstand the effects of not only acute disruptions in the market but also chronic long-term threats.
• Traditional risk management often relied on diversification and insurance to control risks, but some long-term threats may not be insurable and may be non-diversifiable. Much of the work to create resilient real estate portfolios must be at the asset level, creating properties that can withstand long-term changes through their design.

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