March 21, 2020
Like many of you, my email inbox is full of messages from companies all over the country—all issuing official statements about coronavirus (COVID-19) and how it affects their relationship with the public.
There’s no doubt that this is a time of great uncertainty for the world and our nation. While we are hoping for the best, we are taking measures to ensure the continuity of our business and the health and safety of our employees, customers, and investors.
The leadership team here at DiversyFund is closely monitoring the situation. We are following health and safety guidelines by transitioning our team to remote work remotely earlier this week. Thankfully, most of our operations are online and there will be little to no impact on our ability to service our customers. We are confident that we can ensure full continuity in our services.
In addition to worrying about the health and safety of loved ones, many of our customers are watching the balances in their 401(k), IRA, or other investment accounts rise and fall on a daily basis. While we could not foresee the impact of COVID-19 or any other financial crisis, I co-founded DiversyFund in 2016 with times like this in mind.
Our mission is to break down the barriers between Wall Street and Main Street, offering everyday investors the opportunity to diversify their portfolio to include alternative investment classes like The DiversyFund Growth REIT. While not completely risk free, we are confident we will weather this storm. We are carefully managing our assets and implementing safety practices in all DiversyFund-owned properties to protect our residents. We’re closely monitoring the market to adapt our investments and plan conservatively. Additionally, we focus on value-add multifamily rental properties in growing markets. These properties provide fairly priced housing, which places us in a lower risk investment category. We specifically chose these properties because they tend to be more resilient in times of economic uncertainty and slowdowns.
Our advice is to remain calm, patiently planning to realize the long-term benefits of your investments. With every crisis that has ever faced our nation, there’s also been an amazing opportunity for growth and improvement. Challenges expose our weaknesses and, as a result, we will be better prepared for the next crisis. I am confident that we will not just survive today, but we will also thrive tomorrow.
In conclusion, I encourage all of you to keep yourself and your families safe and follow the guidelines from the CDC.
This too shall pass,
Craig X. Cecilio