How many proformas have you seen where rents actually go down? It's about as likely as a landlord offering a spontaneous rent decrease. Naturally, we don't model negative rent growth—that would be far too realistic. If we entertained such sobering possibilities, no deal would pencil out. But don't worry; we perform thorough stress tests. Picture this scenario: rent growth flatlines, occupancy dips slightly, bad debt creeps up, and expenses outpace inflation. We affectionately call this the "Maybe the Market Isn't Always Perfect" test. It's an enlightening exercise that often leaves us pondering, "At what point do we start negotiating with reality?" Of course, even in this less-than-rosy scenario, our breakeven occupancy only inches up to a perfectly achievable 95%. Now, who's ready to sign some checks? https://lnkd.in/eAXJbtyY