> Could anyone have honestly foreseen the pandemic and its ensuing upheavals?
Absolutely. Previous WHO classification has a "Phase 4: Sustained community-level outbreaks -> Medium to high probability of pandemic" designation, which has a roughly once-a-decade frequency historically. Compared to multi-quarter, multi-year scale of real estate planning, 10 years is not infinite long term. Of course it is so in comparison to quarterly earnings, share prices, average tenure of a fund manager, a CEO and so forth, so it doesn't get priced in or gets bundled with other catastrophes.