Andre Soroudi, Director of Acquisitions of CGI Strategies was featured in Los Angeles Business Journal on July 20, 2020 in “Investors See Value in Student Housing Despite COVID-19” discussing on how the company is working on its first student housing projects.
Andre Soroudi, the company’s director of acquisitions, said the two projects, which were underway in Southern California pre-Covid, are “moving full steam ahead.”
The real estate market is currently facing a period of uncertainty due to the economic impacts of the COVID-19 pandemic. Investors are worried about the potential for a prolonged recession, which could lead to a decrease in property values and a decrease in rental income. The uncertainty surrounding the future of the economy has caused investors to become more cautious about investing in real estate.
Aaron Cohen was interviewed by Multi-Housing News on how supply delays and inflation are slowing apartment renovations.