Economic Downturn Impact: A significant decline in economic activity could reduce demand for properties, lower rental rates, and decrease property values, adversely affecting Curbline's revenues and asset base.

Interest Rate Volatility: Fluctuations in interest rates can increase borrowing costs for new acquisitions and existing debt, potentially impacting Curbline's profitability and ability to secure favorable financing.

Property Valuation Declines: A decrease in the fair market value of its real estate portfolio could lead to asset impairment charges and negatively affect Curbline's financial position and investor confidence.