Jesse Letterman

“Follow-up on the development platform question. Based on the guide, it implies the fourth quarter deliveries at the high end of the range would be only about 100 homes, which, of course, for the Holy Land portfolio, which would be the lowest quarterly run rate since the program began.”

“Question on the development platform trajectory. So you framed keeping it in motion in your highest conviction markets as being really mission critical.”

“You gave some info on the property sales in terms of their potentially higher CapEx vote. And my question is on CapEx. It looks like recurring CapEx for NH&RV was up to almost $19 million, up roughly $6 million year over year.”

“Looks like the company paired back some of its forward purchase agreements during the quarter with 76 net cancellations.”

“I know, obviously, municipality approval has been probably the largest headwind in terms of new community development. So there's bills in Texas and Kentucky slated to go into effect this year to kind of level the playing field a bit from a municipality approval perspective.”