How to React to Market Uncertainty

Core plus deals are boring…

…but cash flow is super sexy.

Geopolitical risk is front and center for most investors, right now. Various South and Central American countries are experiencing distress, and of course, there’s the tremendous uncertainty COVID-19.

I continue to target value add opportunities, but I’ve increased attention on fundamental deal-level performance. I’m also targeting locations with multiple demand drivers and supply / demand moats.

Cash flow, basis, and conservative leverage are more important than ever.