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Development

Development investments typically comprise equity investments in partnership with a joint venture partner in either partially completed or greenfield real estate projects. Given the current distress of property developers,we focus primarily on existing or partially completed hard assets and will only very selectively seek to invest in new greenfield developments. In the event that we pursue a development project, it would only be in circumstances where we form the view that we have an appropriate alignment of interests with a trusted operating partner and where risk protections are in place to mitigate potential delays and cost overruns.