Fred Pierce is the founder and CEO of Pierce Education Properties (PEP), a privately held owner/manager of student housing nationally. Founded in 1995, PEP has a portfolio of nearly $1 billion in student housing. Pierce discusses the coronavirus and its impact on college students. His company has more than 23,000 purpose-built student-housing beds in more than 23 cities and 24 major D-1 public universities.
In China, activity is picking up across the logistics business and amongst Prologis’ customers, and signs are emerging of an economic recovery as many return to work. In the United States, Prologis’ proprietary Industrial Business IndicatorTM (IBI), which tracks customer activity in the United States, indicates a slowdown, albeit not as deep as during the global financial crisis.