These are uncertain times and COVID 19 has impacted all deal sectors.
The buying and selling of development land has not been spared from this uncertainty. Land development transactions often take years to close. Due diligence in these deals is centered around environmental testing, surveying, market analysis, and most importantly obtaining the necessary entitlements to the land from the local governing body so the land is fit for the development purposes. Given this extended time frame many deals where well along the way when COVID 19 hit and it had an impact on all sides of the deal.