They have squandered about every opportunity to get it right. The bottom line is they are significantly lowering expectations.

Relations with many of our oldest friends are, quite frankly, scraping the bottom right now,

I think expectations might be preceding reality, ... In the long run we've got some real opportunity here, but we've come a long way too quickly. We may need to ratchet it back a little and set a new foundation to grow for the rest of the year, but continuing at this pace is going to be difficult.

It's when ordinary people rise above the expectations and seize the opportunity that milestones truly are reached.

Arafat's departure has created an awesome opportunity.

Our fourth quarter operating results were right in line with our expectations. We continue to see improved leasing activities, and our operations continue to become more efficient with our new third-party property managers. The trends in all our markets are positive.