Multi-family is holding well. Immigration in US remains high. That keeps demand up. Millennial and Gen Z are more comfortable as renters than dealing with homeowner maintenance. Also, they have been later to start families than Boomers and Gen X. So rental demand should remain high. New multi-family construction is still under demand, but more units are coming to most markets. That said, rents should stay stable through the next few years. Multi on the market will continue to perform well. New construction may slow due to increasing commercial interest rates, which will help existing apartment complexes continue to hold value. I agree, the best negotiations can occur on C type apartments, then revamp them, improve the amenities, and move those to B and A level to take advantage of premium rents.