Residential REITs - Are You Really Good at Finding the Right Spot?

We're a little bit cautious in apartments right now though, because we're forecasting the most of bank unemployment rate goes up to 4.9%. If we see massive job losses occur, which hasn't really happened yet, then demand is going to taper off. And at the same time, we're seeing new supply risks in markets, particularly in the Sun Belt. So debt demand supply imbalance may play out over the remainder of this year but so far the REITs have held up very well.