Investing in Real Estate in the Post Global Financial Crisis

We started buying older warehouses very close in to dense urban areas five or six years ago, when everybody still wanted what i would describe as the very large form at megga distribution facilities that tended to be in more suburban locations. We saw early coming out of the globeof financial crisis, that industrial rents, which had historically been correlated almost one to one with g d p growth g d p was growng at three %. There started to be a huge divergence there. And we asked ourselves why and it kind of led us to conclude that technology either didn't rally have a big impact on real estate, or it would kind of impact all real estate the same. That's about the least