Sorry to hear about your loss. What are the cash rates you have historically seem at these 5,000 point properties? Using a value of $.005/pt you've been getting a room for $25 USD.
I'll still primarily stay with my strategy of using point redemptions for 5th night free stays. Have one upcoming in at the Tampa Hampton Inn & Suites that is for 5 nights and the points cost me $600. The other thing I like about point redemptions is that you avoid the 13+% room taxes.