As we conclude another eventful year at LSCRE, it is our pleasure to share with you the progress and milestones we’ve achieved in 2023, none of which could be possible without you. 2023 presented challenges throughout the industry primarily due to the dramatic rise in interest rates, which I will discuss in greater depth in this letter. This year has been a testament to our resilience, adaptability, and continuous pursuit of delivering excellent results in partnership with our investors