“But nothing can happen the rest of this year and it's sometime next year that this all recycles.”

In context

“e a deal, and it was more or less at their appraised value. And to put it in perspective, for today's value, it's probably pretty close to where we negotiated our deal with Taubman pre-COVID and then obviously we got the COVID adjustment, but it was in that range, kind of where the deal was announced publicly. And so we're going to quarterize that dilution by buying our stock back. We started that once we made the deal. And I think the family's pretty smart. They said, Simon Property Group stock’s undervalued, and I like the dividend, and why not? So I think, I don't know what will happen next year. It could be the same thing, but at this point they have 16% left in TRG. We're happy to own 100% of TRG. I think they're happy, to do what they're doing and we'll deal with it as time goes on. But nothing can happen the rest of this year and it's sometime next year that this all recycles. So with that said, I hope that answers that, but I'll --Brian, if you want to add anything to that, please. Brian McDade: Nothing on that, but, Floris, on your question about their occupancy, it is back 110 basis points. There were really two major spaces that they had to take out of commission that they come back online in the fourth quarter. So you will see that come back on and then some in the fourth quarter, it's just simply timing. Floris van Dijkum: Got it. And if I may -- if you don't mind, the -- if I recall correctly after you look at my notes but the cap rate at the time that you did the deal was, it had a six handle on it. Is that the right way to think about the appraised value for TRG? David Simon: Well, again, this was a negotiated deal. Their view of appraised value starte”