Nick Yulico

“First question, going back to the Arabid transition to PACs, can you talk about the coverage? on the lease previously, what it looks like now, and, you know, how much was the higher rent driven by, I guess, Pax's view on, you know, a more optimistic, let's say, EBITDA scenario for the facilities?”

“I guess for either Clay or Brad, I want to ask about the balance sheet, make sure we're understanding this correctly. So you guys took out bond maturity with floating rate debt.”

“I just wanted to, I guess, go back to some of the commentary that you guys gave on the pricing for assets. I think, Brad, you were saying cap rates below 5% you're still seeing in your markets.”

“I want to ask about the non-same store pool within the senior housing operating segment. So about 30% of that segment NOI is non-same store. It looks like it has, you know, lower occupancy, lower margin.”

“I just wanted to go back to 350 Park and just be clear on a couple things. One, in terms of the new $16 million annual rent versus the old rent, did that already happen in the first quarter?”