“So Look, I think we're still on track to achieve our goal -- I mean, I -- frankly, I think we've done an unbelievable job in increasing our occupancy and increasing our cash flow since the shutdowns. So hopefully, in '23, we'll get back to pre-COVID levels.”

In context

“ing to pre-COVID occupancy by 2023. Just how are you thinking about sort of the upside on occupancy in this portfolio at this point? The second one was just on the new disclosure in the supplemental is really helpful on the fixed versus variable. Just any color or any comments as you're converting these variable leases to fix? How is that going? How much is left to go? What's the economics look like? Would be helpful. Thank you. David Simon: Sure. Let me -- I'll take the last one. I mean, we expect to garner a lot of the percentage and overage rent to minimum rent as these leases roll, but they take time to roll over. And our average lease term is probably 7 years. So it's not going to happen overnight, but it will happen over time. And remind me your first question? Occupancy. Thank you. So Look, I think we're still on track to achieve our goal -- I mean, I -- frankly, I think we've done an unbelievable job in increasing our occupancy and increasing our cash flow since the shutdowns. So hopefully, in '23, we'll get back to pre-COVID levels. Operator: Our next question is from Vince Tibone of Green Street. Please go ahead. Vince Tibone: Hi, good morning. Could you elaborate on how you expect to grow Jamestown's Asset Management business? And could you see that platform being acquisition vehicles, U.S. malls or Simon's the operating partner and how minority stake in the fund or investment? David Simon: It's really in the asset management business. So I don't see it buying -- I don't see buying malls in that platform under any circumstance. But they have a lot of institutional relationships as do we, and we think, our working together, we'll be able to separate account money to invest in kind of the opportunities that exist in real estate. They're great place-making real estate. So there'll be some of those opportunities. They”