Andrew Spodek: Yes. Good question, Barry. So, as we stated, we are still in negotiations to finalize the rents. If those rents are higher than the rents that are currently being paid, then there will be another lump-sum payment. I can’t tell you the timing of it, because it depends on a variety of factors and either when the lease is executed, or when there is determination on that new rent. So, that will be this year. I just can’t tell you if it’s going to be Q1, Q2. It’s all about when we complete each individual lease that negotiation.
Barry Oxford: Right. Okay. And then as long as we are talking about leases, you guys have indicated that you would like to sort of move your lease structure to kind of for lack of a better word inflation-adjusted, and you have been having conversations, how are those conversations going right now, as of today?
Andrew Spodek: Those conversations are still ongoing. It’s relatively fluid. The Postal Service, like everybody else in the world today recognizes how prevalent inflation is. Everybody speaks about it and hears about it every day. And the Postal Service is dealing with it in a great degree on its labor contracts, and so it’s something we all recognize and we are trying to factor into the lease.
Barry Oxford: Okay, great. And then on the acquisition side, is there €“ with the $80 million, I think you guys can do more than that. But is the holding back of the guidance in the $80 million range, you are seeing a lot of product, but you just don’t like the pricing, are you also or is it also a combination of you are not seeing a lot of product?
Andrew Spodek: So, the good news is the opportunity is still there. Everything that we set out, pre-IPO, and everything we have done to-date still holds true. The problem today is the disconnect between buyers, us, and the sellers, right. They haven’t adjusted their pricing. The properties are out there. The opportunity is out there. The market is out there. We just have to be patient and wait for things to correct.
Barry Oxford: Perfect. Okay. That’s helpful guys. Thanks so much.
Andrew Spodek: Thank you.
Barry Oxford: Yes.
Operator: Thank you. Our next question comes from the line of Jon Petersen from Jefferies. Please go ahead.
Jon Petersen: Great. Thanks. Good morning. I was wondering if you had any update on the Post Office and kind of investment in there €“ in their own business there was that build they got through. Last year the games in funding, there has been talk of infrastructure investments. I am just curious if we see any of that kind of coming your way in terms of redevelopment opportunities, like should we be expecting, I guess more investment by them in their real estate over the next few years than we have seen over the last few years?
Andrew Spodek: Yes, interesting. They just put out a release, I think yesterday, that they are moving forward with the awards to modernize and electrify their fleet. They are moving at their own pace. As you know, the Postmaster has a 10-year plan in place. And we haven’t been in direct conversations about how we can participate, but it’s something that we are thinking about, and hopefully there will be opportunities as they continue to move forward rolling out their plan.
Jon Petersen: Okay. Alright. That’s great. That’s all for me. Thank you.
Andrew Spodek: Thanks.
Operator: Ladies and gentlemen, since there are no further questions I would now hand over the conference to Andrew Spodek for closing remarks.
Andrew Spodek: Thank you. On behalf of the entire team, thank you for your continued support and taking the time to join us today. We look forward to connecting with you over the next coming months.
Operator: Thank you. The conference of Postal Realty Trust Inc. has now concluded. Thank you for your participation. You may now disconnect your lines.
