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Bernstein, Acadia Realty Trust - Executive Chairman, CEO and President [32] -------------------------------------------------------------------------------- And it's -- it's worth noting, Floris, that when we talk about the kind of growth we're going to be able to drive, we do not have to come to you guys for more money. To need less than $100 million to execute this kind of growth speaks to both the asset, but also to our fund structure, where most of our heavy lifting, most of our capital-intensive investments, we are leveraging off of our institutional capital, so that we're not overly beholden to the public markets, given the fluctuations that can occur there. -------------------------------------------------------------------------------- Our next question is a follow-up from the line of Paul Adornato from BMO Capital. -------------------------------------------------------------------------------- Paul Edward Adornato, BMO Capital Markets Equity Research - MD and Senior Analyst [34] -------------------------------------------------------------------------------- Just briefly, you mentioned a little bit about City Point. Was wondering when we might hear a little bit more on the ground floor small shop leasing? And is now a good time to be hitting the market, given the kind of ebb and flow of local market conditions? -------------------------------------------------------------------------------- Amy L. Racanello, Acadia Realty Trust - SVP of Capital Markets and Investments [35] -------------------------------------------------------------------------------- Sure. The anchors are doing well. Alamo Drafthouse has become a great addition to the city's entertainment options.

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Attorney. Bharara was fired in March after refusing to resign along with 45 other U.S. attorneys from the Obama administration. The dismissal was a surprise because Bharara was asked by Trump in November to stay on. Bharara had built a strong reputation as Wall Street's top cop and for going after political corruption, regardless of party. Both Miller's and McNally's law firms have ties to U.S. President Donald Trump. Sheri Dillon, a partner at Morgan Lewis, took part in Trump's January news conference on his plans to avoid conflicts of interest.Kasowitz has handled various cases for Trump for more than a decade and David Friedman, a former name partner at the firm, was confirmed in March as U.S. ambassador to Israel.

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