Elme Communities (NYSE:ELME) Q4 2023 Earnings Call Transcript

And then, Tiffany talked about in the scripted remarks, the managed Wi-Fi that we’re starting to roll out in 2024. So we think that there’s a lot of embedded growth in the portfolio that will allow us to earn an implied cap rate that we think is more appropriate of what we think we should be valued at. And we’re making sure that we’re going to be ready to scale when the opportunity comes and we’ll continue to look for opportunities that will work with our cost of capital and do so when we can create shareholder value.

Michael Lewis: Great. Thank you.

Operator: Thank you. As we have no further questions online, I would like to turn the call over to management for any closing remarks.

Paul McDermott: Thank you. Again, I’d like to thank everyone for your time and interest today and we look forward to speaking with many of you over the next few weeks. Thank you.

Operator: Thank you. This concludes today’s conference, and you may disconnect your lines at this time. We thank you for your participation.