One way that we really guard against the types of shocks is we try very hard to be disciplined about not buying things at huge premiums to the underlying value of the assets. And we think that over the long haul, the value approach in real estate is the right fit.

I think the risk at this moment is that the market in search of yield has not been that discriminating. The tide has raised a lot of boats based on their relative yield and the scarcity really of the stock paper for these companies. Some of the companies deserve perhaps the premium that they have, another ones shouldn’t be there at all.