We thought this article was interesting. For many years Fairway has focused on the middle market (we have often referred to it as Small Balance Real Estate) and we believe that it has advantages over what others consider core or core+ markets. It’s certainly interesting to read author Keith Pierce’s perspective on the same topic. In addition to the Nashville “secondary” market, he also uses the example of self-storage having “a reputation for holding value and providing a reliable, consistent source of revenue.” Couldn’t agree more!