Our investors have always been the backbone of NexMetro, providing the essential capital that drives acquisitions, growth, and value creation in our Avilla projects. You in turn rely on our expertise to generate strong returns on your investments.
The heightened volatility of the last two years has been challenging, as the cost of capital has increased dramatically, squeezing margins and delaying projects for builders and developers across the nation. Meanwhile, I am grateful that NexMetro has fared far better than many other companies as the industry dealt with the impacts of tighter liquidity driven by rising interest rates, tighter lending standards, geopolitical tensions and other economic pressures.