For Pensions, Valuing Real Estate Is Tough. Covid-19 Brings New Hurdles

Wall Street Journal, July 10, 2020–Heather Gillers, Dawn Lim (subscription)
Public pension funds invested in malls, apartments and offices over the last decade in search of higher returns. Now they are grappling with how much those real-estate investments are worth in a world transformed by Covid-19.
https://www.wsj.com/articles/for-pensions-valuing-real-estate-is-tough-covid-19-brings-new-hurdles-11594379215?mod=hp_lead_pos7