2021 poses challenges and opportunities for investors

The year ahead is poised to be a transitional one for the real estate industry, as it deals with the effects of the COVID-19 pandemic and positions itself for success in the years ahead. Gary Mozer, principal and co-founder at George Smith Partners, recently answered a few questions from Institutional Real Estate, Inc. on the topic.

What does 2021 hold in store for real estate investors around the world?

There will be winners and losers depending on how the current COVID-19 situation changes over the course of the next six months as well as the next stimulus bill. Factors including local demand drivers, macro- and microeconomic factors, government actions and product type will result in different outcomes.

Once a vaccine is available to the general public, domestic and international economies will reo