Manatt Real Estate partner Grace Winters spoke with Law360 about how the COVID-19 pandemic is impacting the student housing space, and its impact on student housing development joint ventures. In the article, Winters discussed whether force majeure clauses within construction and joint venture agreements might come into play, saying, “the key questions include whether a pandemic provides force majeure protection, whether a government shutdown applies and whether supply-chain disruption allows a party to get out of an obligation.” Winters also commented on the potential disruption for higher ed institutions as they struggle to deal with budget impacts of reduced utilization of campus housing.
Read the article here.