Question-and-Answer Session
Operator
The first question is from Chris Lucas of Robert Baird. Please go ahead.
Bruce L. Labovitz
Chris, are you there?
Christopher Lucas – Robert W. Baird
Hello.
Bruce L. Labovitz
Chris?
Christopher Lucas – Robert W. Baird
Yeah.
Bruce L. Labovitz
We got you.
Christopher Lucas – Robert W. Baird
You got me?
Bruce L. Labovitz
We can hear you.
Christopher Lucas – Robert W. Baird
Okay, good. Chris, could you kind of give us an update on the health of the three primary markets you’re in, sort of more recent data over the last couple of weeks, what you’re seeing in terms of traffic and just the overall condition, and which of the three markets is right now poised for sort of the best 2008, if you don’t mind?
Christopher Clemente
It remains difficult to be able to predict which market’s going to perform better than the others right now. In general, Raleigh has performed better than Washington or Atlanta over the last year or two. We don’t expect that to be any different, but we get into a little bit of grey matter because the Eclipse is doing well in the Washington market and it’s generating numbers that Raleigh can’t do. So in that regard, Washington’s doing reasonably well, but I think Raleigh will certainly be the better of the three markets if I had to pick one at this point.
Christopher Lucas – Robert W. Baird
Then you mentioned the Eclipse. Can you give me a breakdown on the settled units in revenues for the east and west buildings through yearend?
Bruce L. Labovitz
Yeah, just give me one second. Let me pull that up, Chris.
Christopher Lucas – Robert W. Baird
Can you do the same thing for Inventory, between the east and the west? And while, Bruce, while you’re pulling that up, Chris, can you comment sort of where things are for first quarter sales, or settlements, I should say, at the Eclipse?
Christopher Clemente
First quarter settlements?
Christopher Lucas – Robert W. Baird
Yeah, just where we are to date.
Christopher Clemente
Hold on one second.
Bruce L. Labovitz
So far as Q1 Settlements Revenue?
Christopher Clemente
Yeah, go ahead.
Bruce L. Labovitz
Settlement Revenue at the Eclipse for Q1 so far is $2.7 million, of which $2.3 million is in the East Tower and $500,000 is in the West Tower.
Christopher Lucas – Robert W. Baird
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