What are the trends in real estate investing?

Brandon Weber: One of the reasons that Hightower is where we're at is there's a mega-trend that we're seeing which is just as like great reallocation of assets out of stocks and bonds into property and we're now a global company, so we're seeing it in a lot of different markets. And so when you see like the institutional investor's portfolio now contains about 9 to 10 percent of real estate, 20 years ago is about two to three percent. PWC just put out a report, they're expecting that to go up to 15 to 16 percent of a typical institutional investor's portfolio being allocated to real estate. We're talking about trillions of dollars of capital flow being pushed into our asset class, which will be fascinating. It's resulted in much larger portfolios, bigger funds, more complexity, pan geography, pan kind of strategy owners. And then you stick on top of it the United States being kind of the last bastion of security in that global flow.