So, either way, whether our stock is there at the price issue or stock could be my preference or we could sell and buy and replace assets with higher. So, I think we can move on to the acquisitions mode right now given that there’s tremendous demand for what we have and we can sell them in the 6s.
Rob Stevenson: Okay. And then last one from me. Bob, how should we be thinking about the sort of unreimbursed operating expenses that’s accruing to you guys on some of this vacancy that could be a tailwind later in the year. How material winds up is that today for you guys?
Robert Kiernan: Rob, are you asking about the expense burn that we have on the vacant properties?
Rob Stevenson: Yes, I mean, if you get it leased up, I mean, it’s a double whammy, right, is to deposit side, you get the rental revenue and then you get — and then on a triple net lease, you get rid of some of the operating expenses. The revenue is sort of easier to figure out, but how much operating expenses are you incurring on an annual basis for the vacant assets or assets where you’re on like the guy that you bumped out from an eviction standpoint?
Robert Kiernan: Right. No, you’re exactly right. It is that double change where you were able to flip something from a negative to a positive. And just looking at, I mean, the run rate on some of the properties, it really gets to be, again, could be upwards $1 million to $1.5 million that you’re carrying in those costs from the vacancies on an annual basis. And so with a high motivation to lease-up the vacant space and turn the situation around. That’s not definitely an opportunity for us as we look at 2023.
Rob Stevenson: Okay, perfect. Thank you. Thanks guys. Appreciate the time.
Operator: Our next question comes from Bryan Maher with B. Riley Securities. Please proceed with your question.
Bryan Maher: Thanks. Good morning. Just a point of clarification. You’re looking to do $100 million in asset acquisitions this year. I’m assuming that a gross number in $90 million sales. So, do I have this right like net would be a positive 10% or is there something different we should be thinking about?
Alfonzo Leon: That’s probably about right in our target. I mean, I mean, we’re targeting $100 million. It’s an uncertain market right now, but we do believe that there’s assets that we’re starting to see in the price ranges where we could do and it will be profitable. So, that would be about this than the next year we hope to be back to our $200 million a year without selling assets.
Bryan Maher: Okay, that’s helpful. And then just if we were in a world where you sold the $90 million and Alfonzo just couldn’t get there with the $100 million, is there a level at which your stock trades that you might contemplate going into the market and buying some shares?
Alfonzo Leon: Yes, when we’re accretive and the way I would define that is that we could buy properties essentially for equity. I don’t want to add debt and that when the debt we see it accretive there, but we could still buy it for equity. That’s about when that stock price matches where we could buy assets, that’s where we could go in the market.
Bryan Maher: Okay. Thank you. That’s all from me.
Operator: Our next question comes from Aaron Hecht with JMP Securities. Please proceed with your question.
