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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01388628: Austin and Warrant (DS10)

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This document is a market analysis or investment commentary discussing current market conditions and their implications for investment positioning. It references specific inland markets including Charlotte, Austin, and Houston, noting oversupply risks in some areas.

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Excerpt 1
Nevertheless, current market conditions **warrant** some modulation around this general posture.
Excerpt 2
Meanwhile, our view of inland markets is mixed: in traditional fashion, a few are at risk of oversupply (e.g., Charlotte, **Austin**, and Houston), while others

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