We showed our client a couple of retail opportunities that he could buy after he sold his apartment complex. We did a very thorough in depth financial analysis taking into account all the variables as we considered a 10-year hold for our client. The multi-family market was hot and our client has a great opportunity to sell his apartment complex for peak pricing. Our apartment team took his apartment complex to the market and was able to bring our client a great offer on his property. They were able to get his apartments closed which we then had to move quick on the 1031 exchange. We worked with another client of ours to find an off-market shopping center at a high trafficked intersection in a strong retail corridor. At this time, interest rates in the market we’re getting close to 6% for this asset class, however, this acquisition included an assumable fixed rate at 4.75% which was highly attractive in the current market.