Core Viewpoint - The company is undergoing a strategic recapitalization to transform into a dedicated commercial real estate and opportunistic investment platform [1] Group 1: Strategic Actions - A 6:1 reverse stock split was executed in the fourth quarter to enhance share price optics and attract a broader investor base [1] - The management takeover in June 2024 led to a flat performance during the transition period, focusing on cleaning the balance sheet and raising liquidity [1] Group 2: Current Strategy and Market Position - The current strategy utilizes the parent company's ecosystem, including the Genesis and Paramount platforms, to source high-yielding assets without experiencing a traditional J-curve [1] - The company attributes its current valuation discount to a dislocated real estate sector, where many peers are facing liquidity issues or underwater balance sheets [1] Group 3: Financial Position - The company maintains a defensive posture with approximately $100 million in cash and liquidity, awaiting market stabilization to implement growth plans [1]