Real estate, despite making a strong comeback over the past couple of years continues to be on many peoples’ minds. The memory of 2006 is not easily forgotten and many questions are being asked with respect to the current condition of the apartment market. Dan Lofgren from Cowboy Partners recently used the term “respect the cycle” in a roundtable with Utah Business Magazine. Looking at where we have been, where we are now, an what is next, several questions come to mind. Can pricing be sustained for investors? Are rental rates increasing too quickly? Is supply and demand in check? What is different about this multi-family market than years past?