Commercial Real Estate Pro Network

J Darrin Gross I'd like to ask you. Travis Watts, What is the BIGGEST RISK?   Travis Watts I would say, in 25 we talked a lot about market and rates and the discounts, and you know why we're bullish, or why I'm bullish on multifamily, I would say it's more than ever. It's the operator that you're about to invest with. Okay, do they have a lot of distress on their books? Are they losing properties currently? Are they not? Not that any single answer to that is like a red flag and rule them out. But you want to dive a little deeper and make sure that they're dedicated to staying in this business. Because what we've seen is a lot of these student deals and programs and things, folks that got involved in 21 and 22 doing their very first deals are some of them are walking away from the business. You know, they gave it a few years. They're not making money. They're leaving it behind to do something else, and they're for selling properties or they're foreclosing. So you just want to be, you know, up on your due dilig