QUESTION 1 1. Why was commercial real estate performance in the private sector less volatile than publicly-traded REITS throughout the pandemic? a. Because there were fewer property sales, which led...

Extracted text: QUESTION 1 1. Why was commercial real estate performance in the private sector less volatile than publicly-traded REITS throughout the pandemic? a. Because there were fewer property sales, which led to a lack of price discovery b. Because private sector commercial real estate trades over an exchange, which can be inherently volatile c. Because "bid-ask" spreads in the private sector "narrowed" (came closer to one another), which in turn led to fewer property sales r d. None of the answer options