Burkadia: A Three Legged Stool

About 85% of our business overall is in the multifamily space. We have investment sales, which is trying to get exclusive listings on apartment buildings or other commercial real estate. And then mortgage banking, where we hope to finance those acquisitions or refinance previous acquisitions and then servicing, which is really about the mortgages that are then generated. So it's grown rapidly as has the industry. In 2013, we did about $10 billion of total volume. And in 2021, which is the banner year everyone wants to point to, we doing about $68 billion in transactions between investment sales and mortgage banking.