Cadence Real Estate's business is focused on acquiring under-utilized, multifamily properties with the opportunity to create value and generate above-market returns for our investors. Cadence co-invests our own capital alongside our investors, ensuring our interests are one and the same. Our disciplined investment analysis results in a clear perspective of value and opportunity and is what enables us to outperform in every investment cycle. We manage risk by buying assets we know, in neighborhoods we understand. We generate investment returns methodically by purchasing at the right price, applying in-house construction and property management expertise, and creating value at the property level through a hands-on approach. Working collaboratively with our cross-functional teams and engaging directly with the tenants at our properties provides strategic insights for managing the investment process and delivering risk-adjusted returns.