Bigger Fool Theory at work. https://www.wsj.com/articles/new-owner-for-fort-lauderdales-first-super-luxury-building-1496780194 “...rents are cooling around the country and some investors are growing wary of investing in luxury apartments. Fort Lauderdale rents grew just 0.3% in the first quarter compared with 1.2% in the same quarter a year earlier. The vacancy rate ticked up to 4.9% in the first quarter from 4.1% a year earlier, according to Reis Inc.” Rents are cooling? OK Good JACK...Let’s build 651 more Rental apartments on the Barrier Island that has to be evacuated in Hurricanes and where beach gridlock is the new normal.