Chiron Real Estate Inc.

allocation decision. In the current environment, every dollar retained and deployed into growth investments has the potential to create more long-term value than every dollar distributed, all without relying on equity capital markets. Private market transactions continue to highlight our recycling opportunity.

While Chiron's current share price implies 150 basis point arbitrage by prioritizing internal capital recycling and retain cash for existing shareholders.

Next, I'd like to talk about Maywin Capital Partners $100 million strategic investment into Chiron as this transaction provides us growth capital and attractive price and more.