We believe that the Canadian market presents one of the most attractive opportunities within the $200 billion global PBSA sector. For starters, the Canadian post-secondary student population growth consistently outperforms global peers and limited funding for Canadian universities has constrained their ability to service this increase in demand. Furthermore, fragmented local ownership, coupled with limited institutional capital, has created an attractive buying environment in which we’ve been able to acquire high quality PBSA assets at a meaningful discount to comparable multi-family assets.