joining us to discuss the news is brendan wallace, brendan, there is an aspect of the deal that you didhich is absent from a lot of other deals which strikes me as being a much bigger vote of confidence. that is a big part of -- can you talk to us about that involved in what kind of confidence the investors have been those deals? >> for flaw acquisition core is merging, which is been a leading operator of smartphone. in this merger, what is really -- owner and operators, -- for example, groups like starwood capital, which is the third largest owner of multifamily in the u.s.. -- invitation homes which is the largest -- >> i'm curious for what that means for you on the valuation side. how does it change the landscape pretty when there are so many looking at fewer available deals? >> when a company goes public, they're looking for sponsor to compellingly be able to tell their story to the public. when they go public, their eight company that is flush with options. have access to private capital, venture capital, regular ipo options, and have options for spac. we managed to have million do