Jeff Berkes

“I’m here with Jan, he'll jump in a minute on what he's seeing kind of day to day in the market. But, yes, you're right. We are looking forward to a good year in 2024 for acquisitions.”

“There's been a handful of trades or maybe slightly less than a handful of trades in our West Coast markets at cap rates to start with a five. There's probably another couple of handfuls of deals in the marketing process on both the East and West Coast where we would look to buy and the expectations there are sub-six.”

“And I would just add, Alex, to the implication of your question, which I understand. Let me just say there are two things when we gave those goalposts back there, it was obviously based on the timing of the recovery.”

“Craig, as you probably know the market, like Don said, has snapped back very quickly. Deals are institutional quality, first-rank deals in the markets where we do business, are now 4.5 to 5 cap deals.”

“To put it succinctly, what Wendy mentioned is important. A differentiator, obviously, between us and our peer group is that the lifestyle and mixed-use properties—what's said in the prepared remarks—leverage strong leasing activity in those properties, primarily characterized by small shop tenants.”