Risk tolerance is a key differentiator determining who is willing to buy in the sector. : The U.S. retail sector has taken a beating due to lockdowns and social distancing and the continued acceleration of e-commerce sales during the COVID-19 pandemic. Much of the retail sector was already grappling pre-COVID-19, and investment sales have dropped significantly. In spite of overall caution in the investment sales market, some family offices and high-net-worth investors (HNWIs) have been looking at this as a time of opportunity. So are they pursuing any retail investments with all of the added challenges during the pandemic?