Question-and-Answer Session
Operator
(Operator Instructions) And we'll take our first question from Jonathan Litt with Citigroup. Please go ahead.
Ambika - Citigroup
Hi, this is Ambika (ph)with John. Given the uncertainty on when transaction volume will pick up, how should we think about that being factored into 2008 guidance?
Mike Pappagallo
Ambika, this is Mike. I think historically we have looked at transactions, separating it between core shopping center acquisitions and then everything else. I think where we have a little struggle with visibility is what form and structure these transactions are going to take.
In coming up with the preliminary guidance numbers that I have provided, I am expecting somewhere over $1 billion of investment activity, but that's not necessarily going to be all of the core shopping center type assets that you have seen us acquire over the past couple of years.
So that's a generic assumption, volume assumption, but the form and content of what business unit it falls in to, we have preferred equity, our opportunity fund, some of the other funds that Dave has talked about, that is to be determined.
Ambika - Citigroup
So given that is below your historical acquisition volumes in the past couple of years, you would assume that that's more of a conservative target at this point that could be revised upwards if the market's transaction volume resumes.
Mike Pappagallo
Yes, that is true, and it has been pretty much the custom here at this point in the year or before the year, to take a relatively conservative view, because conditions do change, and you saw it over the past three or four months on how dramatic the credit markets were impacted.
So we have a long-term business strategy. We have talked about it often. We have clear objectives that Milton articulated, and strategy. But we will continue to do is refine these assumptions set into those components as the year proceeds.
Ambika - Citigroup
Okay. And could you give color on the marketable securities gains in the quarter?
Mike Pappagallo
The 10 million is -- 10 million for the quarter.
Ambika - Citigroup
Any breakdown on where that is coming from?
Mike Pappagallo
No, we generally don't give a list of specific securities.
Ambika - Citigroup
Okay. Thank you.
Operator
And we'll take our next question with Jay Habermann with Goldman Sachs. Please go ahead.
Jay Habermann - Goldman Sachs
Hey, good morning, everyone. Just, I guess, continuing on the '08 guidance front, can you just comment, are you assuming any impact there from Albertson's. And, I guess, Mike, as well, since you did open the subject, can you talk about same-store NOI growth assumptions?
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