LEI's investment goal has always been to identify opportunities where the returns could be greater than the commonly perceived risks would dictate and to avoid risks that would not produce an appropriate return. LEI targets investments in properties that offer an opportunity to add value through increased leasing efforts, improved management, repositioning, redevelopment or additional development. Our experience has reinforced our belief that risks and opportunities change both within a specific real estate cycle and from one cycle to the next. By maintaining a local perspective and leveraging Lowe's vertically-integrated capabilities, LEI has proven its ability to pursue and successfully implement valued added investment strategies.