[TrimarkProperties]

In our market (University of Florida student market, niche apartments within walking distance to the university where commuter students cannot park near classes), we were all doing quite well three years ago. Then news spread that Gainesville was one of the top student markets, and a bunch of national companies came in and built new apartment complexes. At the same time, UF cut back on enrollment. With the high increase in supply and the small decrease in demand, we were recently cited as one of the worst student rental markets in the country. My particularly company offers luxury dorms, apartments (both cheap and luxury; we have a range) and historic houses, so we have something for nearly every potential renter who walks in the door. But certainly, the market is not what it was 3 years ago.