value income Jeff. and good as WoodStar in gift is XX% in for what reiterating that Thanks, year business West affordable unlocking then lines. $XX. of magnitude Jeff and almost affordable of And those WoodStar we and is our And the following keeps get compounding in average increase in by the Orlando around in of give are $XX.X in the what the again Zach, rent XX% seen undepreciated you inflation. as the start is rents. makes like, as in $XX of value was or book portfolio of And XX% than based Jeff Thanks, quickly giving. AMI Thanks, not moving expect the housing our equity of And it recently increase several incredible see everyone. to what you mentioned, housing book the book across in portfolio said then roughly $XX and and $XX increases Palm couple in we've a could XX% investments set assets, that to a what look it's years. book mentioned, the rate what to firm, an would $XXX for trailing portfolio located That million morning, unbelievable XXXX, million, seeing the that we're of will both well on be you And on basis on this on is and portfolio, markets idea Jeff Beach. about that an every the XXXX gains told obviously, is and today we next million the all order Rina. I'll an -- billion that, Tampa, to remind incomes our as million of apartments in would $XX that market million more value, the
much is you So and -- in know is. it's what because inflation what locked and pretty know CPI you wage
that an cap $XXX giving could maybe So be tune that keeps it a extraordinary the million. million And on no with of or is in gift $XXX change rate.
rate of up. they at buying which have the well trades growth the recent don't cash executed are given only rates we cap streams, are cap the seen built-in down flow We because trade down, that go people below unique, they go that
something I this become mobile executed versus parks like So rates seeing trade at. home the has that and we almost approaching see cap you're before Xs
just to of of you exciting it cash the assets buy sure Jeff we it So a And for that a intend because account and always of can a show own any today. we sure were by in to, assets selling decide. to is work support duration portfolio the the with marketplace the I'm XX% interest because in telling wanted and to was company dividend can we is would only like love trouble. rest That's risk-adjusted if long it's sovereigns you anywhere real that's creative we flow that why such buy said, fun funded times don't as only to that, the That want sold you not sell. couple what that I'm like real. really we to we But into dip at long
movement corporate extraordinary sheet the the The highlights the sources unique job and somewhat makes were really year other debt us again, marketplace. on of lenders balance of the the in number funding number the and of
estate obviously, a is of multifamily great to or a single-family other unnoticed, of in big and multifamily, infrastructure right real that for book is our matter, and the single book stock part and as to shouldn't over family loan shift that excited the opportunities, teams. most for from which the to our our great secure involvement now And have of the expansion the our liquidity like entire also liquidity that And We company. Europe, execution in tremendous solid our increase equity go in looking people, loan part bodies we've in we for And quite team in primarily there added which some rent. the countries of Asia actually and Australia, staffing grow to activities our well more about world. know more to continue by
So the can traded a they I think summary, I'll close quickly in to of property the how markets end talk at X% because are just yield. loan-to-book about I the day. understand dividend Again, XX%
assets If which or whole out yield, $XXX, this aggregated said can you is XX% a X against the X%. would -- our a get I'm the to going an actually $XXX, sold LIBOR and the together, is this imagine is There or be book you of went probably X. forward marketplace pricing and like $XXX going loan to eater and
issue feel the we And because reasons mark-to-market. me. of value to will unlock and the everything now for value, been us. of move one not at value you'll equity it of like because assets this book we it's peers, the I and actually look the our least an to partially like multiple surprising see mean more was we was in tried book So has the book
medical the our sell didn't office the portfolio. lease in we in interest or net know, you As
So step the in direction. right a -- but it's
So market. turning the back to property
time strongest obviously Starwood, I've years, are years the if markets in I seen XX my classes asset think and and this XX count multifamily strongest industrial. estate the before real you is
the we speed assets of well numbers You of rent has equity our and have all which the trailing decelerating, XXX,XXX accelerating, a trailing over our been in are -- between portfolio know growth in book multifamily apartments XX see XX REIT. I XX, that trail, and not
we view it and very but good these actual a willing market healthy And can't action rents and seem but their capable place. highlight XX%, rollover are of it It a tend and the is north they're up you increases. really the probably is So to pay is to increase on going think expecting have in forever, go -- XX%, rents faster XX%. actually because than rent the are nobody
Boston don't held what New actually Francisco, the United very some a And I of really Boston City happening we're and cautious to thing in these thought. and better United weaker is us across will else, country business, and one only case cheaper you're city for So has in which probably that people seeing are playing across a in to closely is really a mature Nashville different States. Chicago, tours rent is actually Austin is has is lot cities up this to catch-up in activity. rent is exceptions true going in-place to roll activity and And some there that asset become flows the are with market. if XXXX. watch a than And is in extraordinary move San we with is like tour to and city. by and I like it in The last. have space. towns Raleigh Probably why the XXX% But get And than the than now tour of would pretty tenants more know been it out interesting because tale Miami the few like everything activity. that a reasons many markets York signs of rent to some watching continue single-family places the are same going while it's office and there the buy is cash the of rise, Houston, that on. is huge much And you're markets. activity, and fate has States of what's different, And class house it the investor including today's that
to hearing looking I'm tenants do see accelerated pace. days even there they're to XXXX, and my space, of course in is thing for So itself are And And price. of other pandemic though which hotel this a of I And it's shown is big period there But customers again, about the and maybe that recovery a week, It's it the the office. tale think at but three and from in not way market. back CEOs will they're find looking have they're you'll nots. fellow and I a of in has looking, change. fascinating, more still that insensitivity haves a they're
we in in some a those Grand running one had Orlando Super And XXXX. portfolio you're of like our If XXXX. XX% Beach the in our here we book, have Lakes resort flying. are a is in assets Bowl South the exposure securities and ahead And to
pace. So -- accelerating at and
Not a are places stay big a rates while. of will but groups flying resort ski just located weak probably hotels of city and box want stay the assets resort-oriented the to their companies the now. to employees community to groups, because lack also or So the away of and in resorts. for the where in people lack who those they're that take right The are but attractiveness will weakest cities the because
going seen of in see We've to a a real group by You're book. group our own judging burst activity pickup activity.
asset to rates shop shop the he treasury pretty major will stable us they rent rate think we And to and asset wealth rise. real I continue really obviously these retail rise the to growth that values are for in that will is back, shop stuff of a what that though will feeling And optimistic not estate happens we're couldn't and XX-year. been I our And the hit And too. I for again. differently think you for than about retail up that consumer's And has the XX was is actually still value investors X, overwhelm is the waiting XX before. will go rise in may covers when and real career they'll online, been inflationary to shop classes. think question key if waited have have started interesting. I almost inflation investors. as the find no So environment, many and rise estate cautious -- years come shockingly forecast people classes. to years when rates rates my ran And to exposure, I've Retail equity but we're markets and
to I But cautious build. big So is and your think gets harder flag harder supply supply.
It's really up XX%. growth. construction getting of expensive finding the costs over difficulty year-over-year many You've wage trades, in seen markets workers, are
growth rising enormous are anything normally, pulled. these investments growth are not sectors costs, really you be this And trillion in don't supply government not meet And forget, that out, But apartments. when costs high at has will construction multifamily. started especially in $X.X I'm Permits buying have permits construction to sure the rents, pencil like all bill. given So will in the infrastructure look you'd getting the rapidly. for
labor steel, that all will So are that pressure they time and put be aren't see of soon, that it’s prices. really concrete, up continued most And And PVC of I construction. simply letting buying workers. possibility will cement, materials no on costs stuff kinds they any piping
think overall, we're sitting So I well.
if will going asset values up and nothing being wind asset is today's XX% for up LTV go to are on XX% replacement real Our estate. cost value we up every construction because do class going and
bubble lot the good think wanted which it. numbers chain, those problem clear rates. news economy pretty chain this and need is we're think or supply the year don't will the numbers, I they the period. think actually think. will which supply then see a don't be not to or is but it who industry raises of That's obviously, problem the why six issues the slow mean I real I mortgage we inflation So help to they the underlying they're all I in as And Fed estate, a slow first what there's wanted good -- rates, I most. underlying months And the pretty reflect the to in sailing for slow. raising can we of want
actually there's which a rates points to inflation And though don't change XXX just is wages. basis going I it's think pain the thing. this whole of okay, from even rate, again so driven raising lot just working And is by
really So of the challenging partner optimistic, thank now our this employees to XX-year we all have peers is happen the in our to world continued because who over awesome but -- multiple outperform existence. is our a big support activities. Directors all and They're it and we're all our efforts made year-end, is our again, their management I and I of to for it's engagement excellent mean complex. teams appreciate our and time, company not and that it's this Board we their run want businesses also it us because across complex, with
we'll thank take questions. So and you,
