The Challenges of Refinancing Real Estate

I think you'll find that the percentage of refinancing within say 2023 is actually really relatively low. The average debt maturity is about six and a half years within CRA, which does give you to a certain extent that longer dated. I think it does present challenges for new stock coming to market or new players coming to the market. You've got a shrinking competitive landscape. Yeah, we're the assets of quality. So, it may well have screwed up my research here. It would certainly not be the first time. Right.