Multi-Family Portfolio Overview 19 Property Operating Update • In 2022, 32% of Mezzanine Lending investments prepaid. 1. Excludes properties that are under construction. 2. Not Applicable as the underlying property is under construction. See Glossary and End Notes in the Appendix. | --- | --- | --- | --- | |-------|--------------------------------------------------------------------------|-------|-------| | | | | | | | Utilize a Strong Balance Sheet to Capture Opportunity: | | | | • | Maximize liquidity wit ...