There is a lot of debate if these assets will come back in demand, by what degree, and when. If you were tasked with creating a portfolio by investing $200 million across 5 -10 funds over the next two years, how would you construct it? This portfolio is focused on value-add real estate and can take risk to achieve a high return. It is not focused on cash flows and can invest in distressed or performing assets via equity or debt. Include in your response how you think about timing these investments, sizing of the investments to each fund, number of funds, and your conviction if any around certain sectors and why you think it is a good time to invest or why it should be avoided.