So it's unlikely to be systemic and structural, it will be very kind of asset specific, but that will create opportunities for folks.

And Gunnar, we're seeing that more broadly, not just in real estate, but across financial services and the investment community where we just ran another survey recently, and it's very clear that the mandate for growth is still a mandate.

but the ability to understand the risks in your investments and make good investments is more important.

So really digging into the details around value and looking for opportunities to drive your investment strategy.

It's complicated, but that mandate for growth is still there.

And so that pivots very clear in some of the data that we've been running recently.

As people are looking, as institutions are investing across the various asset classes, as finance is kind of a broad base, how do you think we, what is the trend in terms of thinking about how real estate fits into the total basket, the total portfolio? How is that evolving?

Yeah, for sure, Gunnar.