Happy Spring, Squad! There is a lot to be excited about as we head into the summer months! It is great to see our properties come to life with the return of farmers markets, festivals and music in the streets. I am also inspired by all of the new team members we have been able to add to the company. Each new person brings a fresh perspective, backpack of knowledge and the opportunity to make us even stronger as an organization.

Shifting gears, I want to address some of the national news regarding the banking and commercial real estate industries (everyone plus my dad has been asking). While there are some national trends and concerns, the issues are primarily impacting very large coastal downtown districts, as well as older legacy office properties. Fortunately, Crawford Hoying owns a very small portion of this asset class. We are confident that our financial partners, markets and best-in-class assets are in strong positions to face any potential headwinds brought on by broader economic conditions.

We are excited about the planned developments and acquisitions in our pipeline that will take us to new regions and states this year. While it may be a little harder to get deals done, I know we are up to the challenge and look forward to seeing what we can accomplish as we spring into 2023!