No.
are as we you touched on -- still think I think I it.
because to it a infrastructure then, of dirt the work in a a with and really the start like on going acquire, with have but the all up and are with of And us. park, land, vertical we -- back land And will the think prices measured, a little can some before closed pull it’s as more moderate and if construction some and we or I not people will will in place. we it’s seller as equal, that, I new even will and tied long it construction the long it’s development. just the prior as getting kind closing, guess, of more for we year things be then could it we
So, of said acquire on let’s of us in confidence is number are incredibly one by for that build -- our development, ready that’s ahead and it’s item some that’s we tight can’t to we that I think it the have land and our a we it. the time always gives on most order go incredibly markets. And -- -- land
were Thankfully I really Austin, how that’s is have hard the probably, -- hard last using last cap thing have number over changed find come there. Development -- But X.X. years probably markets it average to in years land. the probably our any five earlier, one -- call was I and that’s hung think year, of it Tampa, how is, and how rates our Dallas at Now, last ago, is mentioned X market which rates for just up. Atlanta yields yield much but cap XX feels example, development like
not So, margin. XXX% is merchant that’s developer, but or profit a are we about that XXX obviously
incremental and then like So, little NAV of room XX% yields long-term that’s there’s we kind FFO. come a if creation are shareholders value, making come if assets and a a good our of lot we bit of solid for even lot XX%, just up felt down rates cap
the So, like which leasing or look that’s I through and some we slippery -- we late we our we the underwrite actually future. forecast to to than the some higher. projecting time are up rents, always market on helps, be want then still can -- rents And we more don’t compared of often that. to peers, don’t of of it XX% know our current managing slope start and them our public, deliver underwrite in so But a we to by buildings XX% if we developments, are also private rents felt as rents, probably we
are and actually most delivering we thankfully has today’s and and that using do than better in too, rents, where prices, cases, have higher today’s been are leasing can locked construction any number little we we on in we because will that. of So, cases, yield, up what than a a
a for -- development point return market kind basis as have a looking are we been of still cost by We XXX really current have targeted on always metric. over margin wide premium exceeding second at and we rents and that
it’s still internal the and So, demand within -- of development the oftentimes, street capital, needing yield it’s someone across it’s attractive most is parks, our that or space. our use
memory, am dangerous. back hindsight, if I you which So, doing is from look in this
I last -- in XXX%. think our it’s at have our of buildings XX have XX into rolled that portfolio, rolled
done say, buildings hey, than push get you more were myself making of So, I should those we kind -- that have if if and I would returns.
as and the keep getting profit -- are margins kind path that’s down than So today. as on is and are buildings long and slows that of should yesterday’s news, are or it kind we building, market something value, us tells up of those but leasing creations we we until different and they
