While we try to do a quarterly update of what is happening in our world, I must confess there is just not much to say!  Markets have been sclerotic at best in recent months and expected rates of return are paltry.  We continue to mine for nuggets of out-sized opportunity, though we are seeing a higher and higher percentage of proposals in land development and/or big, bloated, aging properties that signify to us we are nearing a peak.  We are generally optimistic that year ends bring opportunity as people seek to clear the books before December 31.  Add the elections into the mix as well as perhaps some modest Fed Activity and we could finally see a bit more uncertainty and volatility.  These would be welcome for a business that requires some distress in order to reach its hurdle rate of return.