This past few weeks‘ headlines were dominated by the ongoing COVID-19 pandemic. The investment climate has noticeably worsened across all major asset classes, and deal activities in the real estate market have come close to a standstill. Fortunately, the BlueRock Group and its investors have remained relatively unharmed thus far. However, the current crisis is unprecedented and the impact on the global economy and real estate valuations as well as potential rent losses are still unpredictable.
Our investment focus continues to be primarily on the office and residential markets and the valuations of those assets has remained firmly intact. Once more our investment strategy has proven to withstand volatile market environments.
We expect that promising investment opportunities will arise after this crisis and at BlueRock we prepare accordingly and use this quieter time while investment activities within the real estate markets are slow, and continue to improve internal processes at our company.