Myron Kaplan: So just one question — one item that you mentioned, Luna Park, I didn’t understand at all. What’s the situation in Luna Park, I mean…
Dan Hedigan: So Luna Park was the transaction we closed early last year, probably about this time last year when I think about it. And they’ve been working on the models. And there was 13 programs, it was 799 home sites, 13 programs. The first one was a very small program. It’s opened and sold out. And they are now — the next 12 are opening, they’re starting to open this month, and they’re going to continue opening and so we’ll have all of those open sometime this year. And once again, it’s — we had Solis, which is winding down. Now Luna is another brand new community, large community like we do at the Great Park Neighborhoods and it is in the process of opening up all of its models.
Myron Kaplan: So you’ll be able to sell sites?
Kim Tobler: Yeah. Myron, we’re still selling sites, yes.
Myron Kaplan: So you can sell sites because it’s like the builders are selling lots of homes, but you’re not selling a lot of sites.
Kim Tobler: Yes. So Myron, to that point, I mean we always like to give the color on what the sales pace is of the builders. And then, we try to illustrate that we’re still selling lots to them as well, that’s why Dan mentioned those additional sales.
Myron Kaplan: Prospective sales.
Kim Tobler: Prospective sales.
Myron Kaplan: Yes. All right. Well, I guess, as you say, it’s a long game. It certainly is.
Kim Tobler: Thanks, Myron.
Operator: [Operator Instructions] We have a question from the line of Ken Hansen with Stifel. Please proceed with your question.
Unidentified Participant: Thanks for taking my question. Just for full disclosure on a CFA, but not representing Stifel on the call. I’m representing my own shareholder interest. I like the second priority that you’ve identified as the controlling of cost. And I know, Dan, when you came on Board, you had a significant reduction in employee count. I think it was maybe a 30% reduction, something like that. And that’s been helpful, I think. I’m just wondering now what you think about the size of the Board? I think it was 11 when you came on Board and maybe it’s down to nine. But when you think about the ratio of Board members and employees, it seems a bit heavy — not a bit heavy, a lot heavy. Lunar has the same number of Board members, I think, and they have 12,000 employees.
So I’m wondering if maybe just an optics thing, but maybe it’s a flexibility thing as well and certainly would be a cost savings if the Board were smaller. So could you just comment on the size of the current Board and any interest you have in making it more nimble and responsive? Thanks.
Dan Hedigan: Ken, thanks for your question. The Board has been nine as long as I’ve been here. I don’t know if it was 11 that you mentioned, but certainly it’s been nine as long as I’ve been here. And I can tell you that the Board actually does take a look at their function and operation every year. And at this point, the Board is functioning well. And I would — I’d just have to defer, that’s to the Board to make those types of decisions, not to me per se. But we have — I think we have a very active Board that has been very supportive in my transition into this role.
Unidentified Participant: And I know, I think Mr. Miller is on remote, can he respond to that?
Dan Hedigan: Yeah. I don’t think that would be appropriate to get into beating our Board on this call, but we appreciate the question.
Unidentified Participant: Okay.
Stuart Miller: And I am on remote. I agree with Dan.
Operator: That concludes our question-and-answer session. I’d like to hand it back to Mr. Hedigan for closing remarks.
Dan Hedigan: Thank you so much. On behalf of our management team, we thank you for joining us on today’s call, and we look forward to speaking with you next quarter.
Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time, and have a wonderful day.
