Texas is our largest market, accounting for 60% of our current management portfolio, with a total of 724 units, situated in some of the best neighborhoods in Austin. The metro Austin apartment inventory is now approaching 200,000 units - a growth rate of 75% over the last eight years. Texas is ranked #1 in the nation for total population growth over the last 8 years, and the #1 labor market in the US for the last 2 years. We continue to invest, actively, in this market with three new large additions in December 2020.