Eric Borden: Okay. That’s helpful. And then maybe just last one, on the capital allocation side, I mean you have multiple levers, you have the full line of credit, leverages reduced, you can issue OP and hit the ATM where you think it’s reasonable? Well, how should we think about funding acquisitions and the mix for 2023?
Andrew Spodek: It’s a good question. I feel like we are in a very fortunate position where all the things you mentioned and some other sources are available to us. So, we are constantly scanning the capital markets to figure out the best source of capital while keeping leverage in consideration and cost of capital as well. So yes, we are constantly looking at the ATM and offering market, OP units are a great source for or us to attract sellers, and at times transact with those sellers as well. And as you correctly mentioned, our facility is mostly undrawn, only $12 million drawn as of February 21. So, we have all those access to capital and will continue to use what is the most efficient for us, and again, keeping ourselves in a low-leveraged position. So, we always have dry powder, and we can always be going after the acquisitions we think are attractive.
Eric Borden: Okay. Thanks guys.
Andrew Spodek: Thank you.
Operator: Thank you. Our next question comes from the line of Anthony Paolone from JPMorgan. Please go ahead.
Anthony Paolone: Great. Thank you and good morning. I guess related to the holdover leases, will there be 97, I guess new individual leases, or will some of these be combined, and maybe one or more leases that are all on the same length? Like what will happen here?
Andrew Spodek: Yes. I mean our process is renewal of individual leases. We try to go through renewal process for an entire year’s vintage, but there are each standalone individual leases that get renewed.
Anthony Paolone: Okay. And if we take these out, it seems like another 8% or so percent expiring in €˜23. Should we anticipate the same sort of accumulation of holdover leases for a while, and then sort of a big batch of these getting done at some point later in the year into even €˜24, like, how should we just thinking about the process going forward?
Andrew Spodek: This is Andrew, Tony. So, my hopes are not. My hopes are that we can resolve the €˜23 as quicker than the €˜22s have taken. I have already started conversations on how to look at this differently to make it a little more efficient and productive. And so my hopes are that we can work with the Postal Service to change some things and get these results quicker and better.
Anthony Paolone: Okay. And then just last one, you had mentioned the 6.8% cap rates on the 2022 transactions for the full year. Just any additional color in terms of where those sit more recently, I know mix is a factor, but it also changed a bit as well over the last year?
Andrew Spodek: Yes. The world has changed and I am hoping its continuing to change. We are doing everything we can to push up cap €“ push up cap rates as much as possible. Sellers are not moving as quickly as we would like them to. But we are targeting the midpoint of our range. So, our range is quoted to be 6% to 8%, but we are seeking deals in the 7% range.
Anthony Paolone: Okay. Thank you.
Andrew Spodek: Thank you.
Operator: Our next question comes from line of Barry Oxford from Colliers. Please go ahead.
Barry Oxford: Great. Thanks guys. Just to build on the lump-sum catch up, is that going to be kind of 1Q and 2Q and then we wouldn’t see the catch-ups, like in 3Q and 4Q from a modeling standpoint, or just one of these look very €“ we are still kind of working through it. We don’t know if it’s going to be just 1Q or 2Q or whether it’s going to take four quarters?
