1
00:00:00,638 --> 00:00:02,009
and so as

2
00:00:02,009 --> 00:00:02,800
our business

3
00:00:02,800 --> 00:00:03,640
continued to

4
00:00:03,640 --> 00:00:04,990
develop,

5
00:00:05,140 --> 00:00:05,850
we made an

6
00:00:05,850 --> 00:00:07,500
acquisition in

7
00:00:07,500 --> 00:00:09,221
the late 80s

8
00:00:09,307 --> 00:00:10,101
that

9
00:00:10,101 --> 00:00:11,632
was another three

10
00:00:11,632 --> 00:00:12,812
companies

11
00:00:12,812 --> 00:00:14,573
that comprised

12
00:00:14,715 --> 00:00:15,415
at the time

13
00:00:15,415 --> 00:00:16,136
we were each

14
00:00:16,136 --> 00:00:17,266
about

15
00:00:17,346 --> 00:00:18,036
two and three

16
00:00:18,036 --> 00:00:19,347
quarters almost

17
00:00:19,347 --> 00:00:20,077
three million

18
00:00:20,077 --> 00:00:21,748
square feet so

19
00:00:21,748 --> 00:00:22,558
if you combined

20
00:00:22,558 --> 00:00:23,269
a total we

21
00:00:23,269 --> 00:00:23,919
were five and

22
00:00:23,919 --> 00:00:24,609
a half million

23
00:00:24,609 --> 00:00:26,030
square feet

24
00:00:26,130 --> 00:00:26,840
and we owned

25
00:00:26,840 --> 00:00:27,791
every square

26
00:00:27,791 --> 00:00:28,471
inch of real

27
00:00:28,471 --> 00:00:29,471
estate known to

28
00:00:29,471 --> 00:00:30,662
man and the

29
00:00:30,662 --> 00:00:31,632
business itself

30
00:00:31,632 --> 00:00:32,817
was centered you

31
00:00:32,817 --> 00:00:33,758
had customers

32
00:00:33,758 --> 00:00:34,991
leaving and as

33
00:00:34,991 --> 00:00:35,811
you mentioned

34
00:00:35,811 --> 00:00:37,082
earlier, the

35
00:00:37,082 --> 00:00:38,183
real estate is

36
00:00:38,183 --> 00:00:39,774
a great asset.

37
00:00:39,774 --> 00:00:40,505
It's a great

38
00:00:40,505 --> 00:00:41,485
asset as long

39
00:00:41,485 --> 00:00:42,096
as you can

40
00:00:42,096 --> 00:00:42,957
re-lease it on

41
00:00:42,957 --> 00:00:44,107
the open market.

42
00:00:44,107 --> 00:00:44,888
And back in

43
00:00:44,888 --> 00:00:45,378
the late

44
00:00:45,378 --> 00:00:46,059
eighties and

45
00:00:46,059 --> 00:00:47,680
early nineties,

46
00:00:47,680 --> 00:00:48,491
primarily in

47
00:00:48,491 --> 00:00:48,931
Denver,

48
00:00:48,931 --> 00:00:50,294
Colorado, so

49
00:00:50,294 --> 00:00:51,134
getting rid of

50
00:00:51,134 --> 00:00:52,064
the real estate

51
00:00:52,064 --> 00:00:52,644
was very

52
00:00:52,644 --> 00:00:53,265
difficult.

53
00:00:53,265 --> 00:00:53,895
We had to

54
00:00:53,895 --> 00:00:55,935
do some tough

55
00:00:56,056 --> 00:00:57,174
workouts with

56
00:00:57,174 --> 00:00:58,404
the banks

57
00:00:58,885 --> 00:00:59,625
and

58
00:00:59,625 --> 00:01:00,715
because of the

59
00:01:00,715 --> 00:01:02,206
financial side,

60
00:01:02,206 --> 00:01:03,016
but we were

61
00:01:03,016 --> 00:01:04,474
able to recover.

62
00:01:04,474 --> 00:01:05,875
And then

63
00:01:05,875 --> 00:01:07,336
we started

64
00:01:07,336 --> 00:01:08,417
taking a little

65
00:01:08,417 --> 00:01:08,977
bit of a

66
00:01:08,977 --> 00:01:09,930
different

67
00:01:09,930 --> 00:01:11,451
approach to

68
00:01:11,451 --> 00:01:12,511
expanding not

69
00:01:12,511 --> 00:01:14,412
only beyond CPG

70
00:01:14,412 --> 00:01:15,153
but

71
00:01:15,153 --> 00:01:15,823
also in

72
00:01:15,823 --> 00:01:17,114
geography.