Question-and-Answer Session
Thank you, sir. [Operator Instructions] The first question comes from the line of Michael Bilerman with Citi. Please go ahead.
Michael Bilerman - Citigroup
Hey guys, Ervin Kossman's here with me as well. Jordan, you referenced in your opening comments saying signs of transaction in markets maybe accelerating, and didn't know if that was astrological signs or what you are sort of referring to, maybe you can just give us a little bit more color?
Jordan L. Kaplan - President and Chief Executive Officer
Well, no. I said we saw sign you mean for sales of buildings?
Michael Bilerman - Citigroup
Yeah.
Jordan L. Kaplan - President and Chief Executive Officer
Congratulations on your new job.
Michael Bilerman - Citigroup
Thank you.
Jordan L. Kaplan - President and Chief Executive Officer
The... yeah we're starting... I mean, I see deals... no it's we follow the pipeline, we follow a lot of deals that are out there, and I am seeing there are deals now that we are working on. So, I am lot more excited. Where I think... where I am feeling positive about our chances. So it's true that there aren't a lot of people under significant pressure as a result of dramatic over leveraging, but still it seems like maybe the economy or just deal fatigue has brought more people to the table that are considering trades now, and we are now carefully following a few of them.
Michael Bilerman - Citigroup
What sort of volume can you characterize, and have you already, is your fund discussion is still underway so that when these things do come to market, you will be able to do them in a fund rather than on balance sheet?
Jordan L. Kaplan - President and Chief Executive Officer
Those two are in a race with each other. I am hoping the funds in place in time, I am not going to let the fund, not being in place stop us though, then we'll just do the deals in hurry.
Michael Bilerman - Citigroup
And the level of, I mean are we talking about 500 million, 1 billion, what sort of transactions are you following?
Jordan L. Kaplan - President and Chief Executive Officer
I would say, we are following transactions up in that range.
Michael Bilerman - Citigroup
All right. Ervin had a couple of questions also.
Unidentified Analyst
Good morning.
William Kamer - Chief Financial Officer
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