Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Sloan Bohlen - Goldman Sachs
Sloan Bohlen - Goldman Sachs
First question, with regard to the asset sales for the rest of the year and looking ahead can you talk about how you’ll use your JV funds for that and what your expectations for how many of the sales will be into the funds versus outside of the funds and then as a follow on to that what the capacity for new acquisitions in the funds is right now.
Christie Kelly
First just let me talk about in terms of the plans going forward as it relates to our venture partners, we talk with our venture partners pretty much daily and the take down of assets as we go forward through 2012 does include CBRT for example, participating in those assets, acquisitions or contributions.
Secondarily as it relates to just overall capacity we still have significant capacity in that venture which I think we had talked about last quarter and I’ll turn it over to Dennis just to talk more specifically about that.
Dennis Oklak
The primary venture we have for the take outs really is the CBRT joint venture. We are at about $400 million of investment in that venture now with the Amazon deal in Phoenix that Bob mentioned will be closer to $450 million. And the stage capacity of that is in the $800 million range so we’ve got about $350 million to go.
I think we’ll continue, they continue to have a very large appetite for new product and we’ll continue to see product flow into that venture. Most of the other ventures are just owning right now and we’re not really moving in so the other dispositions that we’re pursuing are really just other third party dispositions.
Sloan Bohlen - Goldman Sachs
So the comment in the press release about using funds to reduce leverage would you think about launching anew fund or are you in discussions to launch any new funds at this point.
Dennis Oklak
Well I think we’ll consider that on some of our existing assets. We have some very I’d call them very preliminary discussions going on right now and nothing that I’d even say would rise to the level of something that I’d want to put out on the table right now.
Sloan Bohlen - Goldman Sachs
And then with regard to your secured financing has there been any consideration about perhaps using the TALF program that the government has.
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