Question-and-Answer Session
Operator
Thank you. (Operator instructions) Our first question comes from the line of Jay Haberman with Goldman Sachs. Please go ahead.
John Foy
Hi, Jay.
Jay Haberman – Goldman Sachs
Hi, good morning John and the rest of the team. Jahan [ph] is with me here as well. You know, John, lot of conversation about obviously the about the different sources of capital that you're looking at. I'm just curious. I know other REITs have given more specific plans on deleveraging and as well as timeframes. I mean, would you guys be willing to sort of look at a targeted deleveraging level, and I guess, the timing factor there?
John Foy
Yes, I think Jay we have in our own minds and in our own company we have a plan for that, and with time schedules that we think that are reasonable and can be achieved. It is a plan that basically anticipates that you got to have 3 or 4 balls in the air all at the same time in the markets that we are in today. So we are working in 3 and 4 and 5 different directions.
As we pointed out in the conference call, we think there is a definite need to basically secure the unsecured line of credit, and we're in the process of working through a plan that we think is very capable and very able to accomplish that. We think, you know, we had discussions in this with all our banks that are in our lines of credit, and continue to visit with all of our lenders, who are basically lenders to us, and we are getting pretty positive results from those folks.
Needless to say, some of those banks would like to see some pay downs; others are willing to step up even further. So, I think we are focused on implementing a plan, and it includes everything that will pull the deleveraging down.
Jay Haberman – Goldman Sachs
And you mentioned asset sales, joint ventures, equity offerings, would you say that is the sort of the order of priority you want to start first? Can you give us a sense of, perhaps what you are currently marketing for sale?
John Foy
Yes, I think that they are all on the table. I mean asset sales are definitely something that we see are things that can be accomplished as well as joint ventures, and adding people into it, into our existing joint-venture structures that we have. So, I think there are many, many opportunities such as that. So joint-venture sales are definitely on the table – joint ventures as well as sales are definitely on the table.
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