Christina Chiu: Yes. Thanks for the question. So as I mentioned in the remarks, we take a hard look at all of our assets. So as we think about the characteristics and what makes sense in today’s market nothing is redlined in terms of being for sale. We are aware that it’s not the most popular time for office. And being that we have balance sheet strength, we have no debt due until November 2024. We have no floating rate exposure. There’s no unnecessary pressure on us to force a sale at an inopportune time. So we will monitor the market closely, be very active in how we manage the assets. And when the window opens for us to pursue a sale, we will explore it.
Dylan Burzinski: And then, as you guys are kind of looking at acquisitions, I think in the past you mentioned that you’re primarily focused on multi-family and retail. Is that still the case where you kind of guys are kind of not looking at office at this point in time?
Christina Chiu: We’ve actually said we’re focused on New York City office, residential and retail. So it remains those three categories. And it’s really predicated on entry price, the amount of capital that goes in, the cash flow profile and growth profile going forward and what makes the most sense for the company. And the common theme if you’re seeing is New York City, multiple drivers of upside and we have very strong, diversified, resilient cash flows coming from different sources. We’re proud of that and we want to increase our exposure to things that will add to that.
Operator: Thank you. There are no further questions at this time. I would now like to hand the call back over to Tony Malkin, Chairman, President, and CEO for closing remarks.
Tony Malkin: Thanks, everybody. ESRT is well-positioned to perform, take advantage of the flight to quality signed leases that will contribute to earnings and build on our well diversified income stream. Our strong and flexible balance sheet empowers us to take advantage of investment opportunities and repurchase our stock. ESRT is a great way to play New York City. Our portfolio is stronger and more diversified than it was a year ago and we are excited by the opportunity ahead. Thank you all for your participation in today’s call. To conclude 2022 marked a year of notable progress towards ESRT’s top four priorities: lease space with 1.1 million square feet leased in 2022 and meaningful occupancy and lease percentage good progress; sell tickets to our completely re-imagined observatory, the only authentic brand amongst observatories one can visit; enhanced shareholder value through our capital recycling out of suburban assets and into multi-family, which is now the fourth leg of ESRT’s well diversified cash flow stream, coupled with repurchases of our shares and continued leadership in ESG initiatives.
We are fortunate to be backed by a strong and flexible balance sheet in this environment and feel confident in the company’s ability to execute on our goals and drive growth for shareholders in 2023. Many thanks to our great ESRT team who have worked incredibly hard and I have every confidence we will continue to do a great job on behalf of stakeholders. We look forward to the chance to meet with many of you at non-deal roadshows, conferences, and property tours in the months ahead. Until then, thank you for your interest, onward and upward.
Operator: Thank you. That does conclude today’s teleconference. We appreciate your participation. You may disconnect your lines at this time. Enjoy the rest of your day.
