Southeast

The bulk of the loan balance is concentrated in California.

In the third and fourth quarters, no new supply and construction was reported.

The Northwest Orange and Kissimmee /St. Cloud submarkets drove performance.

The portfolio takes up 34.8 acres.

Sellers are opting to not sell at discounts.

Container volumes increased 11.2%, although several disruptions challenged the sector.

Despite oversupply in some markets, strong populations and job growth drive results.

The fund will also target residential projects.