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Hi. I would like to draw your attention to the fact that Avalon Communities makes most of its money from renting out apartments to tenants on a yearly lease basis. It also collects a variety of fees for residents, including pet fees, parking, and storage. Meanwhile, avalon communities is leasing some space in its communities to retailers under. the shops. Finally, Avalon Communities operates several investment partnerships that generate management income for it. The COVID-19 outbreak has had some impact on the Avalon Communities. In the second quarter of 2021, the company’s rental revenue decreased by 2.9% year-on-year
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