Merely a result of their experience, success and failures.

So you need to call out the posters who made this political in the first blame, not people like me who are merely rebutting a cheap political shot at a bright female politician who does my share their world view.

I'm not saying it's real, I'm not saying it's not, I'm merely saying that you shouldn't care what the listing agent has to say.It's like being in court and asking if the lawyer representing the other side has to tell the truth about their client.

If the supply and demand remains relatively the same and it's merely a stable market, it's not going anywhere.

I do not state this in any way to impress, I merely state it to bring about a point.

This 8% + 4% structure is unclear based on what you've written, but sounds more like a 12% preferred structure if the project achieves those goals.Given that it is a value-add project, the returns could be well in excess of 12% and the sponsors could merely be offering investors a healthy 12% return, while taking the rest of the uplift as their promote.Hard to say for sure based on what you've written, but should not be difficult to find out from the sponsor.

. : ) But seriously, despite our bias for living mere inches from the surface of the sun, Account Closed and others have found Phoenix to be a very lucrative market for REI folks.  

There are no such things as failures, merely opportunities to learn.

And proving to me that it is merely a mindset issue. 

But eventually you will replace the carpet enough times that it would of been the right choice I am not necessarily saying Spend without limitations I am merely suggesting Know your market.