S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Compare Stocks

Comparative Price Performance Over Time

Compare Stocks - Price & Volume

CompanyCurrent Price50-Day Moving Average52-Week RangeMarket CapBetaAvg. VolumeToday's Volume
InterRent Real Estate Investment Trust stock logo
IIPZF
InterRent Real Estate Investment Trust
$8.68
$9.86
$8.38
$10.14
$1.26B0.72250 shsN/A
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
$3.66
+1.1%
$3.94
$1.64
$4.88
$240.97M1.73364,805 shs327,345 shs
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
$15.62
+0.5%
$15.58
$11.61
$18.77
$3.52B1.072.29 million shs3.71 million shs
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
$20.89
+1.6%
$21.02
$19.16
$24.26
$4.59B1.291.88 million shs3.04 million shs
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
$7.52
+2.2%
$7.19
$4.64
$8.12
$585.58M2.1650,539 shs325,028 shs
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Price Performance

Company1-Day Performance7-Day Performance30-Day Performance90-Day Performance1-Year Performance
InterRent Real Estate Investment Trust stock logo
IIPZF
InterRent Real Estate Investment Trust
0.00%-13.29%-13.29%-12.52%-10.79%
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
-1.09%-10.40%-6.46%-7.89%+79.21%
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
-0.10%-4.43%+0.94%+0.06%-4.25%
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
+2.34%+1.88%-1.25%-4.59%-2.23%
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
+1.31%-2.84%-3.79%+19.37%-2.19%

MarketRank™

CompanyOverall ScoreAnalyst's OpinionShort Interest ScoreDividend StrengthESG ScoreNews and Social Media SentimentCompany OwnershipEarnings & Valuation
InterRent Real Estate Investment Trust stock logo
IIPZF
InterRent Real Estate Investment Trust
1.797 of 5 stars
2.03.01.70.03.10.01.9
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
3.4433 of 5 stars
0.05.01.72.43.40.82.5
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
3.4789 of 5 stars
1.32.02.52.83.71.71.9
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
4.0603 of 5 stars
2.25.02.51.63.41.71.3
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
1.6587 of 5 stars
1.24.01.70.02.00.82.5

Analyst Ratings

CompanyConsensus Rating ScoreConsensus RatingConsensus Price Target% Upside from Current Price
InterRent Real Estate Investment Trust stock logo
IIPZF
InterRent Real Estate Investment Trust
N/AN/A$17.44100.89% Upside
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
N/AN/AN/AN/A
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
2.60
Moderate Buy$17.008.83% Upside
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
2.33
Hold$25.5022.07% Upside
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
2.40
Hold$7.702.39% Upside

Current Analyst Ratings

Latest ILPT, IIPZF, TRTX, KRG, and IRT Analyst Ratings

DateCompanyBrokerageActionRatingPrice TargetDetails
4/18/2024
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold ➝ Buy$23.00
4/12/2024
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeStrong-Buy ➝ Outperform$8.50
4/10/2024
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetNeutral ➝ Neutral$7.00 ➝ $7.50
3/6/2024
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetMarket Outperform ➝ Market Outperform$15.00 ➝ $17.00
3/4/2024
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingNeutral ➝ Underperform$6.50
2/22/2024
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOverweight ➝ Overweight$6.00 ➝ $7.00
2/20/2024
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower Price TargetOverweight ➝ Overweight$22.00 ➝ $18.00
2/16/2024
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOutperform ➝ Outperform$16.00 ➝ $17.00
1/30/2024
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageBuy$18.00
(Data available from 4/19/2021 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Sales & Book Value

CompanyAnnual RevenuePrice/SalesCashflowPrice/CashBook ValuePrice/Book
InterRent Real Estate Investment Trust stock logo
IIPZF
InterRent Real Estate Investment Trust
$175.65M7.17$0.57 per share15.14$13.61 per share0.64
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
$437.34M0.55$1.46 per share2.50$17.64 per share0.21
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
$660.98M5.32$0.92 per share17.05$15.88 per share0.98
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
$823M5.57$2.14 per share9.75$16.27 per share1.28
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
$390.25M1.50N/AN/A$14.47 per share0.52

Profitability & Earnings

CompanyNet IncomeEPSTrailing P/E RatioForward P/E RatioP/E GrowthNet MarginsReturn on Equity (ROE)Return on Assets (ROA)Next Earnings Date
InterRent Real Estate Investment Trust stock logo
IIPZF
InterRent Real Estate Investment Trust
$68.32M$0.4718.47N/A38.61%3.54%2.07%5/7/2024 (Estimated)
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
-$107.99M-$1.66N/A4.63N/A-24.69%-8.77%-1.92%4/30/2024 (Confirmed)
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
-$17.23M-$0.07N/A12.402.27-2.61%-0.47%-0.27%4/24/2024 (Confirmed)
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
$47.50M$0.2294.969.902.895.77%1.30%0.67%4/30/2024 (Confirmed)
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
-$116.63M-$1.69N/A7.45N/A-30.16%-21.48%-5.41%4/30/2024 (Confirmed)

Latest ILPT, IIPZF, TRTX, KRG, and IRT Earnings

DateQuarterCompanyConsensus EstimateReported EPSBeat/MissGap EPSRevenue EstimateActual RevenueDetails
4/30/2024N/A
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
$0.13N/A-$0.13N/AN/AN/A  
4/30/2024N/A
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
$0.50N/A-$0.50N/AN/AN/A  
4/30/2024N/A
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
$0.17N/A-$0.17N/AN/AN/A  
4/24/2024N/A
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
$0.28N/A-$0.28N/AN/AN/A  

Dividends

CompanyAnnual PayoutDividend Yield3-Year Dividend GrowthPayout RatioYears of Consecutive Growth
InterRent Real Estate Investment Trust stock logo
IIPZF
InterRent Real Estate Investment Trust
$0.161.84%N/A34.04%N/A
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
$0.041.09%-68.82%N/A N/A
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
$0.644.10%+4.71%N/A 2 Years
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
$1.004.79%+7.77%454.57%3 Years
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
$0.9612.77%-6.33%N/A N/A

Latest ILPT, IIPZF, TRTX, KRG, and IRT Dividends

AnnouncementCompanyPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/11/2024
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
Quarterly$0.010.99%4/19/20244/22/20245/16/2024
3/15/2024
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
Quarterly$0.2412.48%3/27/20243/28/20244/25/2024
3/11/2024
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
Quarterly$0.164.04%3/27/20243/29/20244/19/2024
2/13/2024
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
Quarterly$0.254.72%4/4/20244/5/20244/12/2024
(Data available from 1/1/2013 forward)

Debt

CompanyDebt-to-Equity RatioCurrent RatioQuick Ratio
InterRent Real Estate Investment Trust stock logo
IIPZF
InterRent Real Estate Investment Trust
0.66
0.46
0.46
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
3.71
5.04
5.04
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
0.68
N/AN/A
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
0.79
0.76
0.76
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
2.46
158.41
158.41

Ownership

Miscellaneous

CompanyEmployeesShares OutstandingFree FloatOptionable
InterRent Real Estate Investment Trust stock logo
IIPZF
InterRent Real Estate Investment Trust
435145.18 million135.31 millionNot Optionable
Industrial Logistics Properties Trust stock logo
ILPT
Industrial Logistics Properties Trust
N/A65.84 million64.66 millionOptionable
Independence Realty Trust, Inc. stock logo
IRT
Independence Realty Trust
952225.08 million223.77 millionOptionable
Kite Realty Group Trust stock logo
KRG
Kite Realty Group Trust
229219.60 million215.72 millionOptionable
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
N/A77.87 million75.92 millionOptionable

ILPT, IIPZF, TRTX, KRG, and IRT Headlines

SourceHeadline
TPG RE Finance Trust, Inc. (TRTX)TPG RE Finance Trust, Inc. (TRTX)
finance.yahoo.com - April 18 at 2:19 PM
TPG RE Finance Trust, Inc. Announces First Quarter 2024 Earnings Release and Conference Call DatesTPG RE Finance Trust, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Dates
businesswire.com - April 17 at 4:15 PM
TPG RE Finance Trust (NYSE:TRTX) Stock Rating Lowered by Raymond JamesTPG RE Finance Trust (NYSE:TRTX) Stock Rating Lowered by Raymond James
americanbankingnews.com - April 14 at 2:40 AM
TPG RE Finance Trust (NYSE:TRTX) Downgraded by Raymond James to OutperformTPG RE Finance Trust (NYSE:TRTX) Downgraded by Raymond James to Outperform
marketbeat.com - April 12 at 8:23 AM
TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Consensus Rating of "Moderate Buy" by BrokeragesTPG RE Finance Trust, Inc. (NYSE:TRTX) Given Consensus Rating of "Moderate Buy" by Brokerages
americanbankingnews.com - April 12 at 5:02 AM
TPG RE Finance Trust (NYSE:TRTX) PT Raised to $7.50 at JPMorgan Chase & Co.TPG RE Finance Trust (NYSE:TRTX) PT Raised to $7.50 at JPMorgan Chase & Co.
americanbankingnews.com - April 11 at 5:00 AM
JPMorgan Chase & Co. Raises TPG RE Finance Trust (NYSE:TRTX) Price Target to $7.50JPMorgan Chase & Co. Raises TPG RE Finance Trust (NYSE:TRTX) Price Target to $7.50
marketbeat.com - April 10 at 9:19 AM
TPG RE Finance Trust, Inc. (NYSE:TRTX) Announces $0.24 Quarterly DividendTPG RE Finance Trust, Inc. (NYSE:TRTX) Announces $0.24 Quarterly Dividend
marketbeat.com - March 25 at 1:20 PM
TPG RE Finance Trust (NYSE:TRTX) Reaches New 12-Month High at $7.98TPG RE Finance Trust (NYSE:TRTX) Reaches New 12-Month High at $7.98
marketbeat.com - March 21 at 10:48 AM
TPG RE Finance Trust, Inc. Declares Cash Dividend on Common StockTPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock
businesswire.com - March 15 at 4:50 PM
TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred StockTPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock
businesswire.com - March 8 at 4:15 PM
Will TPG RE Finance Trust (TRTX) Gain on Rising Earnings Estimates?Will TPG RE Finance Trust (TRTX) Gain on Rising Earnings Estimates?
zacks.com - February 28 at 1:21 PM
TRTX Mar 2024 10.000 putTRTX Mar 2024 10.000 put
finance.yahoo.com - February 22 at 6:32 PM
Want $3000 In Passive Income? Invest $1250 Into These 12 Dividend StocksWant $3000 In Passive Income? Invest $1250 Into These 12 Dividend Stocks
247wallst.com - February 22 at 8:30 AM
Q4 2023 TPG RE Finance Trust Inc Earnings CallQ4 2023 TPG RE Finance Trust Inc Earnings Call
finance.yahoo.com - February 22 at 3:30 AM
Toll Brothers Posts Upbeat Earnings, Joins Exelon, Garmin, Bausch + Lomb And Other Big Stocks Moving Higher On WednesdayToll Brothers Posts Upbeat Earnings, Joins Exelon, Garmin, Bausch + Lomb And Other Big Stocks Moving Higher On Wednesday
markets.businessinsider.com - February 21 at 12:06 PM
TPG RE Finance Trust, Inc. 2023 Q4 - Results - Earnings Call PresentationTPG RE Finance Trust, Inc. 2023 Q4 - Results - Earnings Call Presentation
seekingalpha.com - February 21 at 10:44 AM
TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter and Full Year Ended December 31, 2023TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter and Full Year Ended December 31, 2023
finance.yahoo.com - February 20 at 9:04 PM
TPG RE Finance Trust Inc (TRTX) Reports Mixed Results for Q4 and Full Year 2023TPG RE Finance Trust Inc (TRTX) Reports Mixed Results for Q4 and Full Year 2023
finance.yahoo.com - February 20 at 9:04 PM
TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter and Full Year Ended December 31, 2023TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter and Full Year Ended December 31, 2023
businesswire.com - February 20 at 4:25 PM
Want $3000 in Passive Income? Invest $1000 into These 15 Dividend StocksWant $3000 in Passive Income? Invest $1000 into These 15 Dividend Stocks
247wallst.com - February 19 at 11:15 AM
TPG RE Finance TrustTPG RE Finance Trust
wsj.com - February 14 at 8:55 PM
TPG RE Finance Trust, Inc. (TRTX-PC)TPG RE Finance Trust, Inc. (TRTX-PC)
finance.yahoo.com - February 11 at 8:28 PM
RMR Group (RMR) Q1 Earnings and Revenues Beat EstimatesRMR Group (RMR) Q1 Earnings and Revenues Beat Estimates
finance.yahoo.com - February 7 at 10:18 PM

New MarketBeat Followers Over Time

Media Sentiment Over Time

Company Descriptions

InterRent Real Estate Investment Trust logo

InterRent Real Estate Investment Trust

OTCMKTS:IIPZF
InterRent?REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution?through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within?markets that have exhibited stable market vacancies,?sufficient suites available to attain the critical mass necessary to implement?an efficient portfolio management structure, and?offer opportunities for accretive acquisitions. InterRent's primary objectives are to use the proven industry experience of the Trustees,?Management and Operational Team to: (i)?to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii)?to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii)?to maintain a conservative payout ratio and balance sheet.
Industrial Logistics Properties Trust logo

Industrial Logistics Properties Trust

NASDAQ:ILPT
Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states. Approximately 77% of ILPT's annualized rental revenues as of December 31, 2023 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA.
Independence Realty Trust logo

Independence Realty Trust

NYSE:IRT
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
Kite Realty Group Trust logo

Kite Realty Group Trust

NYSE:KRG
Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of December 31, 2023, the Company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.1 million square feet of gross leasable space.
TPG RE Finance Trust logo

TPG RE Finance Trust

NYSE:TRTX
TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.