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The city responded with a public record notice that said you cannot build on this site.

So the broker that was selling it was hamstrung by that.

It couldn't market the development opportunity with this knowledge from the city

or with the city's decision ruling on it.

Before we get into it, I want to introduce you to Groundbreaker today's sponsor and partner.

They are an all-in-one suite of tools for small to medium-sized real estate syndicators. They've got a special focus on real estate

syndicators with 1 million to 100 million assets under management. They help you

increase productivity and investor satisfaction by automating fundraising

reporting and investor relations through elegant and powerful

workflows built by syndicators for syndicators. Groundbreaker will help you

scale your business without the need to scale your overhead,

so they're going to help reduce your costs because of the admin team that won't need to be as large,

...