Fears from the 2007-09 housing crisis re-emerged at the start of the pandemic when tenants struggled to make mortgage and lease payments because of record unemployment and office vacancies. As society transitioned into the “new normal”, demand for residential and commercial real estate rebounded to new highs with the asset class growing to ~$12 trillion, or 1.7 times its 2010 size. While this convincing expansion amid unprecedented challenges suggests investor enthusiasm and optimism, the major adjustments necessary to invest in a post-pandemic world are not to be underestimated. Namely, lockdowns and stay-in-place mandates seem to have crystallized cultural shifts that had been afoot, particularly in industrial, retail, and residential segments.