But on the institutional side, at the level of large office buildings, you have Oxford, Bentall, and Cadillac Fairview. They are good managers because one of the things they do is maintain the value of the asset for their institutions.
We rent the downtown Schulich School from Cadillac Fairview. I wish we had that level of service and quality at the university. Every time I want to paint a wall at the university, I have to go through a process. It's painful.
I asked them how much they allocate for our building for maintenance, and they said zero. I asked how they knew when to maintain something. They said when it breaks, they fix it. The institution says they have to make sure the asset is carried on their books at value, and they have to keep putting money in every year.
I think what we've seen in the last 10 or 15 years is a maturing of the industry and a group of very good professionals who have come into it. This might not have been an option 10 or 15 years ago.
But look at the Canada Pension Plan. I think 17% of their portfolio is in real estate today.