Fairfield Residential

…We have 250 investment professionals, for example, here at CalSTRS, but Fairfield does call it 1400, right? They're in every sub market, they're in 30 plus sub markets in the United States. They're in almost every one that matters, right? They're a top 10 producer of residential real estate. And so that really puts us on the ground floor to capitalize on opp…

…So if we looked out five or ten years, even after the great boom and bust in 08-09, we just never saw the supply come back the way it should have to meet the type of demand demographics that we have here in the U.S. For us, it's very strategic. to have ownership in Fairfield, which is, you know, for us then can act as an extension of staff, right?…

…But long term, if you think about residential housing in the U.S., which is essentially what Fairfield Residential focuses on, we think that that's going to be undersupplied for the foreseeable future.…