We haven't been hit directly in more than 100 years.

Part of the problem is that insurance company management people are totally convinced we're in a hurricane cycle and they refuse to acknowledge where hurricanes actually hit.

After Hurricane Andrew (in 1992) the insurance industry was on its knees; after Katrina (in 2005), it was in the fetal position.

When I was 4 years old, I got to see that tower being put up, and it's been my life. This was a big tragedy today.

AMLI represents an opportunity to acquire a large portfolio of high-quality multifamily assets, an outstanding multifamily management team and organization, strong development capabilities, and a recognized brand name in the sector.

Multifamily is attractive because of its low volatility and higher risk-adjusted returns relative to other property types.