What have you noticed from the institutional space that is really carried over as you were working with more retail buyers now?

Yeah, I will tell you, it's looking at how the institutions have participated in the single-family rental space.

It's a really interesting case study.

And if you go back to post-GFC days when the aggregation of scattered homes really became a thing and this entirely non-institutional investment class was born out of some great work from a lot of different people that helped to overcome The biggest problem was the inefficiency of managing large scale portfolios cost effectively.

And so that problem has been solved in many ways by a lot of the institutional players and the participants in that space.

But if you look from, you know, let's say 10 years ago when the build for rent really became a phrase that we all talk about in the industry.

The institutions really flocked to these purpose-built communities that are built at scale with a rental business plan in mind.

And now we're here with Houston, a Houston suburb with new construction that's already tenanted, right? Tell us a little bit about both the market that you opted to work in and kind of the why behind it.