Our development activities enter a new phase with our acquisition of the tower portion of the iconic and landmark Woolworth Building. A striking fixture on the Lower Manhattan skyline, the building sits amidst a reenergized and reinvigorated neighborhood. Uber-luxury residential development is sprouting throughout the area spurred by two new multi-modal transit hubs and a transitioning commercial tenant base. Our entry into this highest end marketplace signals the next chapter in our history of anticipating and capitalizing on market shifts.