Warehouse working conditions have drawn more attention during the pandemic because many workers risked their health and lives serving customers sheltering at home.

The question for owners of older buildings is whether it’s worth pouring hundreds of millions of dollars into a full gut renovation.

CONTI Capital decided that investing in older workforce housing and value-add properties was not a sustainable strategy.

Rent-to-own startup Pathway Homes plans to spend an initial $750 million acquiring houses on behalf of its customers, who will lease the properties with the option to purchase them.

The 3.5-million-sq.-ft. property nearly emptied a reserve account to make a $9.3 million bond payment.