Great. Over 80% of that demand comes from our existing 1,000 tenants. Now turning to record rental rate growth and strong leasing volume, strong rental rate growth continued into 2023 at 48.3% on a GAAP basis, 24.2% on a cash basis from lease renewals and re-leasing the space in the first quarter. Thanks, good afternoon. of societys most pressing issues including harnessing the agri-food ecosystem to combat hunger, addressing the mental health crisis, and accelerating groundbreaking medical research. Were almost a $20-billion market cap company, which is hard to imagine since we started with $19 million. And I think in a tougher macro environment, it's kind of thought to prune and rightsize you see what we've done last year would be a good example of -- we sold a set of really good high-quality workhorse assets, but we felt in locations that were not necessarily high barrier to entry markets, but good economics for buyers as well and good economics for us. If you want to look at it from that perspective, redevelopments were placed into operations as vacant assets, development projects for the future for -- they have been paused on a few circumstances, which basically were left in the future development pipeline. China of course, but many other locations. And then there are transportation and increased energy costs as well. Or do you think we should expect some moderation in occupancy levels as the demand is lower. And we have brought this to a highly respected and recognized real estate product type today. So it made a lot of sense. Then we also feel its important to support military families. This time, you've kind of mentioned $850. Yeah. So, I'm just trying to understand if in some of these future opportunities buckets, if there's some operating assets in those? I think Peter can comment as well. My sense is half of that is, is retail tenants that maybe are leaving for an asset. I mean we look at qualifying activities carefully across all of our projects that are undergoing construction activities and capped interest and shut them down accordingly. We've maintained strong guidance while lowering uses and sources of capital. The next question comes from Tom Catherwood with BTIG. In addition to biomedical research and STEM education, we also do a lot in our local communities the communities in which we live and work and in which our tenants live and work. 90% of our top 20 tenants are investment-grade rated or large-cap publicly traded companies and we highlighted continued strength of timely payments of rent from client tenants at 99.9% of rent that was due in the first quarter really reflects the strength of our high-quality client tenants, important tenant relationships and the high-quality underwriting from our research team. WebJoel Marcus Senior Partner at Marcus & Pollack LLP - the real estate tax law firm New York, NY. No, I think not Peter said it perfectly. We dont focus on hiring a certain number of people in certain groups, we focus on hiring the most qualified candidates. They're either completed or subject to executed LOIs or purchase and sales agreements, including the new JV partner for our build-to-suit project for UI Lilly. It invests in disruptive life science, agri-food tech, climate innovation, and technology companies. Real-time analyst ratings, insider transactions, earnings data, and more. I mean what's the maximum you think you could do on that number, on that line item? Were building in Seattle, San Francisco, San Diego, Boston, Maryland, and North Carolina. Those are the areas we focus on, but we impact those areas in a variety of ways and we try to engage our team members throughout the company.
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