I mean you got to remember, a lot of these guys, we’ve gone through an oddly long period. I mean, we had COVID, which was its own thing, and now we’re in what I would call like probably what would be a typical recession or a recession over the last couple of years. But adding the 2 together has been a lot worse than anyone might have imagined of any 1 of these events happening. So it’s worn out some big institutional companies in terms of their ownership, and they’re just stick a [screwing] with this.
Alexander Goldfarb : Okay. And then the second question is on the Barrington, can you just sort of walk through what is reflected in third quarter as far as the impact and then the remaining 170 units that’s through, I guess, you guys said May of next year. But I just want to understand, is all — basically, where are we with regards to modeling and the Barington impact? How much more should we take out for the fourth quarter based on the move-outs that occurred during the third quarter and then trying to get a sense of the earnings impact on the remaining 170 units vacate.
Jordan Kaplan: Well, there’s less than 200 tenants in there right now. So it’s pretty impacted.
Alexander Goldfarb : Is 3Q the full impact of all of those move-outs to date? Or that’s what I’m trying to get at?
Jordan Kaplan: No. No. I mean, there are still people moving out. People moved out last week. People — go ahead.
Peter Seymour: Yes. It’s Peter, Alex. The people who are still in, they still pay rent. They have to pay RIN in order to stay in. So you’re going to — so now you know how many people have the right to stay until May and then it’s anybody’s guess how fast they move out and they got the holidays coming up, and we’ve got in until May. And that trajectory ultimately gets down to 0, but we don’t know the pace that it’s going to move at.
Alexander Goldfarb : No, I understand that, Peter, but I’m trying to get at, in the third quarter, how much of the impact because presumably the people didn’t move out the first day of the third quarter. So the people — so how many —
Jordan Kaplan: I mean I don’t think we pretty even — even if I was happy to just tell you that, I don’t know the number, and I don’t think anyone here knows that.
Peter Seymour: I’ll say one other thing. So there was a big date which was beginning of September when a large number at a deadline to move out. So people were moving out in advance of that, but a lot of — there was a lot of activity in September. So I don’t think you’ve seen this.
Jordan Kaplan: Yes, I think the fourth quarter will be a lot less in that building than the third quarter. And I’ll even go more that I actually think there will be meaningless rounding error of people like as you get into second quarter of next year.
Operator: And our next question will come from Blaine Heck with Wells Fargo.
Blaine Heck : So just to clarify on guidance first, clearly, there were some positive revisions with respect to occupancy in same-store, but — can you just talk a little bit more about the decision not to boost FFO guidance and whether there are any factors that might be kind of offsetting those improvements, or is it just kind of conservatism given the overall environment?
Peter Seymour: Yes. I mean — it’s Peter again. I mean, like we did have some slight positive adjustments to our assumptions, but they weren’t enough to take us outside the range. And we just talked about Barrington, which, of course, we can’t predict very well.
