joining us virtual secfo gary chow. ceo kim meridith. our ceo susan erlike and jason zuk the project manager at zukerberg. i know there were questions so i think between jeff and i we will address those inside the presentation. the background on how we discovered the loses that were upon on campus were so out dated or did not exist with the research building. so at that time, director garcia asked us to look at everything on campus. and so that's what we were able to do. and one of the loses was the foundation's lease. which really updated quickly in 2018. with a year lease just to get it going. and then -- jeff and his team worked on the long-term lease which extends a 20 year base year with 2 options of 10 years to extend. and [inaudible] 13 to 15 leases on campus. so, when director grsia asked us to electric we locked at everything. the first step you do which it is looking at an updated current market condition is jeff's department does an appraisal. so in some case some of the ucsf lease paying 9 dollars a square foot. because the l

joining us virtual secfo gary chow. ceo kim meridith. our ceo susan erlike and jason zuk the project manager at zukerberg. i know there were questions so i think between jeff and i we will address those inside the presentation. the background on how we discovered the loses that were upon on campus were so out dated or did not exist with the research building. so at that time, director garcia asked us to look at everything on campus. and so that's what we were able to do. and one of the loses was the foundation's lease. which really updated quickly in 2018. with a year lease just to get it going. and then -- jeff and his team worked on the long-term lease which extends a 20 year base year with 2 options of 10 years to extend. and [inaudible] 13 to 15 leases on campus. so, when director grsia asked us to electric we locked at everything. the first step you do which it is looking at an updated current market condition is jeff's department does an appraisal. so in some case some of the ucsf lease paying 9 dollars a square foot. because the l

joining us virtual secfo gary chow. ceo kim meridith.susan erlike and jason zuk the project manager at zukerberg. i know there were questions so i think between jeff and i we will address those inside the presentation. the background on how we discovered the loses that were upon on campus were so out dated or did not exist with the research building. so at that time, director garcia asked us to look at everything on campus. and so that's what we were able to do. and one of the loses was the foundation's lease. which really updated quickly in 2018. with a year lease just to get it going. and then -- jeff and his team worked on the long-term lease which extends a 20 year base year with 2 options of 10 years to extend. and [inaudible] 13 to 15 leases on campus. so when director grsia asked us to electric we locked at everything. the first step you do which it is looking at an updated current market condition is jeff's department does an appraisal. so in some case some of the ucsf lease paying 9 dollars a square foot. because the lease was -