Columbia Properties Capital was formed in 2008 as a vehicle to acquire distressed assets with investment partners during the economic downturn. During that time, Columbia and our partners have successfully acquired eight properties totaling over 500,000 square feet and $50 million. CPC has commenced development on three of the projects, adding value to otherwise strong real estate that deteriorated during the recession. Over the last five years, CPC's strategy has evolved to identify and take advantage of any disequilibriums in the retail real estate market that can provide above market returns. At CPC, we have a decades long history of neighborhood retail ownership in the southeast, so we are able to lever our intimate market knowledge for the benefit of our investors. The principals of Columbia invest alongside our investors showing our belief and commitment to each project. In addition, despite the banking issues that occurred after 2008, the principals of Columbia are still able to guarantee any required debt or organize alternative financing, giving us flexibility that may not be available to everyone in our industry.