In terms of the experience OCH has, the first thing is that we have a very low vacancy rate. The reason we did the retrofit the way we did—a panelized, exterior energy retrofit—is that we can't displace our tenants to do these upgrades. We need to do them with the tenants in place, so we came up with a strategy that allows us to do them while the tenants are in place.
The second thing is the workforce. We started this project back in 2018. I will say that it officially started in May 2020, so we did this through the pandemic. Back then, we used our own forces because there wasn't a whole lot of market development, in all honesty. Nowadays, we're starting to see a lot more of those contractors and entrepreneurs who are able to offer a panelized solution, whereas, back then, we didn't really have an option. There was so much risk priced into the quotes we were getting that we decided to do it with our own forces. We have seen that expansion as a result of the interest. There are many other contractors who can pick up and bid on this work.
The third thing is financing. It is always a question, as Brendan described. Providing stable, predictable, long-term funding is the best way to make sure that you incentivize and create the market.
