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As Mexico experiences a sharp increase in manufacturing and quickly becomes the largest trading partner for the U.S., there has been more demand for warehouse space near the border with our neighbor to the south. Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing, has benefited from that trend with the sale of four industrial warehouses in Texas to two different buyers for a total of $178 million. The fully leased properties total more than 1.2 million square feet and are located within 10 miles of the U.S. border with Mexico in El Paso, Texas, and Laredo, Texas. They were sold to two different institutional investors. Further details about the buyers were not disclosed.