[Schweigi]

Could also just be driven because of the zoning. For example a 2-bed unit usually requires two parking spots. So its better to build two 1-bed units. Same amount of parking but more rental income because usually 2-bed units aren’t double the rent of a 1-bed units. Its actually not even a choice because whoever sold the land to the developer will have done this calculation already and priced the land accordingly to the maximum financial payout based on the zoning rules.

We are building a smaller apartment building in Dallas and everything from unit numbers, to sizes and shape of building is driven by the zoning rules. And because the land is sold based on those rules you can’t really make it different otherwise the project isn’t viable anymore. Thats why everyone is currently building townhomes and not small apartments buildings in places like Old East Dallas or Bishop Arts District.