Selectivity

We publish quarterly numbers on how many properties we evaluate and how many we choose to represent. We do not name properties or developers we have declined — only the aggregate pattern.
36%
Of evaluated, represented
14
Properties evaluated
5
Chosen to represent

Properties evaluated that we chose to represent

0%

Not a target. Not a marketing number. The actual ratio across 14 properties evaluated to date.

Cumulative — across all published quarters

0 of 0 properties represented(0%)

QuarterEvaluatedListedTop reasons not listed
Q1 2025145Legal risk

We publish the fact of our rigor, never the identity of the properties or developers we declined to represent. Decline records are kept internally for our analysts and external advisors only.