How we are reacting to these trends? At Avid Realty Partners, we follow Warren Buffett’s school of thought when he said “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” We see this wobbly start to 2023 as an opportunity to buy quality merchandise at a lower price, and to take action when others are on the sidelines (protecting their jobs and not taking risks). We have never analyzed more properties, communicated with more brokers, or called as many potential investors. We recognize that these are tumultuous times, but we choose to capitalize on this economic opportunity. Additionally, we are casting a wide net when looking for value. We will look in any market and are continuously searching for the best value for a given property’s age, physical characteristics, demographics, and growth trends. We will look for undiscovered gems in Columbus, Indianapolis, or Louisville, in addition to Dallas, Phoenix, and Las Vegas. Indeed, we find value where others miss it. The bottom line is we will look in any market and at any deal to create value for our partners and investors. Finally, no one knows when the financial markets, will stabilize. For all of the pontificating talking heads out there (including us), nobody knows for, sure. But we feel there is only one certainty, if you are waiting for the moment the market is stable to get in the game it will then be too late.