Every industry watches its younger generation for a myriad of reasons. Sometimes, as in tech, younger workers are on the leading edge of new products. In other industries, this cohort may be setting the tone and pace for future processes and ways of doing business. For many categories, the youngest entrants are an indicator of the energy entering the space. In commercial real estate, it could be said that it is a combination of all of the above. We think you will agree as you read about the achievements of this year's selection of our 50 under 40. On the following pages you will find stories of companies formed, unique deals forged and many millions of dollars transacted.

COLIN BEHRING A third-generation developer, Colin Behring recently victoriously won a lawsuit in federal court that helped revive the EB-5 immigration investment industry, a $37 billion investment vehicle for real estate developers that has created more than 730,000 full-time jobs for American workers. This milestone represents one of many impacts that the CEO and director of investment at Behring Cos. has had during his 15-year career. Behring began his career developing real estate in Shanghai, including a $2 billion, 360-acre master-planned mega-development, while overcoming the complexities of acquiring land, land-use policy and currency exchanges in China. Behring founded Behring Capital in 2013 and under his leadership, the firm has since invested in more than $800 million of real estate and it has built a digital EB-5 investment platform that has raised more than $100 million in immigration investment capital from foreign investors. In 2015, Behring created a foreign outbound investment platform and the firm became one of the first American companies to establish within the Shanghai Free Trade Zone. The firm raised more than $50 million in Asian capital for US projects. Under Behring's leadership, the company specializes in income-focused mixed-use and residential investments, such as transit-oriented developments and workforce and student housing projects. Behring's most innovative venture to date is the StakSite, a forthcoming mixed-use real estate concept that will deliver apartments, flex office, amenities and vehicle-sharing in a single offering.