Dan Booth: At the end of the day, we needed to get across the finish line with this buyer.
John Pawlowski: Okay. Last one for me. Megan, just as the months roll along and occupancy stays pretty low, are there any pockets of the portfolio, either regionally or kind of urban versus suburban, where you just think occupancy is structurally lower now in any part of the portfolio versus pre-COVID levels?
Megan Krull: I don’t know that I would necessarily say structurally lower. I do think that there are certain areas that have more severe staffing issues that’s affecting occupancy, and over time, if that gets corrected, you should see that come back. But I mean, we have over 50% of the portfolio that’s either fully recovered or is 84% and above as they haven’t recovered and so I think that’s pretty telling as to where folks can get to. But I mean you have states like Florida has really bad staffing issues and they are not as recovered as the rest of the portfolio and we see that in various different places as well.
John Pawlowski: Okay. Thanks for the time.
Operator: The next question is from Nick Yulico with Scotiabank. Please go ahead.
Nick Yulico: Thanks. I want to go back to the interest income question and maybe ask it for the fourth quarter, the $25 million of interest income and then the $5 million on the non-real estate loans. How much of that is non-cash?
Bob Stephenson: Nick, again, not off the top of my head, I think, $2 million is non-cash and that is a little bit of pick. So, on the last answer, if an operator is on straight-line accounting, we do count that taken bad, as Nick, you and I have discussed in the past, but it’s a very small number, it’s $2 million.
Nick Yulico: Okay. Thanks, Bob. The other question is on LaVie and the transaction that happened. So I am just wondering, I am trying to understand why there’s any fee that was paid to LaVie in this, because it looks like what happened here is, if I am reading this as effectively you got no cash in from the sale. You got seller financing. You had the buyer pay a portion of the fee that you owed LaVie, which I am not sure why there’s any feel to LaVie if they are not paying rent or not — they are going to be pick on your term loan, why is there any money going to LaVie in this transaction?
Dan Booth: So there’s no pick on the term loan. I am not sure what you meant there, but, yeah, there was …
Nick Yulico: Sorry, I said on the new — I thought it says on the — you amended the term loan, so it’s now payment-in-kind.
Dan Booth: Okay. I am sorry. Yes. You are right. I like you meant on the fourth quarter.
Nick Yulico: Okay.
Dan Booth: So, yeah, the termination fee, if you will, was paid to LaVie to help them with their wind-down costs. I mean whenever there’s a transition, there’s associated obligations and liabilities associated with those buildings, so that was to sort of help them to operate and also help them pay out some of those wind-down costs.
