Floris Van Dijken

Floris Van Dijken asked for more details on the $150 million acquisition pipeline, specifically the percentage allocated to New York versus other markets. He also inquired if the company is encountering competition from retailers directly purchasing stores.

Answer

CFO John Gottfried clarified that the $150 million under agreement is primarily for 'other markets' outside of New York. CEO Kenneth F. Bernstein addressed retailer competition, stating that it's rare for retailers to be direct competitors in their deal-making, but he views retailers' willingness to purchase stores as an encouraging sign of their commitment to key corridors.