The economic implications of COVID-19 are yet to be fully realized, but the expectations of the detrimental impact are sobering. The pandemic has not only shaken up reality but has woken the world up to addressing underlying societal and economic issues that may have previously been dismissed.
The virus is a major global threat, but it will not be the last such threat that we face in the coming years. Climate change, pollution, and growing social and economic inequality, among other issues, all have the power to massively disrupt our way of life. But from these threats comes greater awareness of the need for reinvention, and with reinvention comes great opportunity to align and contribute toward our modern, more sustainable future.
A key opportunity for investors to combat the effects of the pandemic is through real estate investing. This can be achieved in a multitude of ways, such as providing low income housing options, rent-relief for hospitals and built-for-purpose medical centers for pandemic efforts, with climate change efforts at the core of each investment. During times of distress, there is a silver lining: unique industry advancements and unprecedented innovation. We have seen strides in technological development and increased private market participants, all working together to fill gaps caused by the pandemic.