GlobeSt.com: You're a national company, but since your office is here, do you have a perspective on the local market?

Butchenhart: The Philadelphia Metro area is performing reasonably well in comparison to other areas of the country. It's never been a big boom or bust market. I always compare Philadelphia to more of a bond than a stock. It's a steady performer, but if you're looking for big hits, you probably won't invest in Philadelphia.

But it's always been a reasonably diversified economy, and one of the things that's helped Philadelphia greatly is that it has a pretty decent concentration in medical and education. The area called University City--where Penn and Drexel [universities] are located--over had an increase in jobs over the past couple of years. Philadelphia has lost jobs like any other metro area, but the medical and education fields have mitigated that. It's really softened the blow.